Domestic Economy
0

New Covid Surge Could Close 1 Million Businesses

New Covid Surge Could Close 1 Million Businesses
New Covid Surge Could Close 1 Million Businesses

Iran Chamber of Guilds has issued a statement expressing concerns regarding the economic implications of a new surge in Covid-19 cases.
“Official figures show an increase in the number of infections due to the decline in compliance with Covid-19 safety protocols during the Iranian New Year holidays. More cities and counties are falling in the high-risk red zone for coronavirus transmission and widespread closures of businesses are likely to ensue,” the statement was cited by Mehr News Agency.
“If more cities, including Tehran, Karaj and Isfahan, move into the red zone of the country’s color-coded coronavirus framework, more than one million businesses affiliated to ICG will be shut down and three million people will become jobless.” 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com