NO END IN SIGHT: A CNFI survey found that 80 percent of respondents said they have been hurt by the COVID-19 pandemic and many are calling for more government aid
Date: Oct 06, 2020
By: Crystal Hsu / Staff reporter
The trade group, which represents a majority of local manufacturing firms, sounded the alarm after polling 157 companies in July and August.
“COVID-19 has had a much worse impact on Taiwanese firms than reported in the media, and could batter the economy like a massive tsunami if the government fails to respond quickly,” the federation said.
More than 80 percent of the respondents said they took a hit from the pandemic, mainly in the form of lost orders and disruptions to goods flows. [FULL STORY]