Nine out of 10 small and medium-sized CEOs predicted that this year’s domestic economic situation will be more serious or similar than last year when Corona 19 hit.
The Small and Medium Business Administration announced on the 13th that in a 2021 business outlook survey conducted on 411 SME CEOs on the 4th to 7th, 47.7% of respondents said that this year’s economic situation will be worse than last year. 41.8% answered that it would be similar, but only 10.5% said it would be good.
As for the reason that the economic outlook is expected to be serious this year, the continued sluggish domestic demand due to Corona 19 domestically (86.7%) and corporate regulation-centered legislation and policies (10.2%), and externally, the global growth rate slowed (75.0%). And the spread of protectionism such as export restrictions (13.3%) were cited.
In addition, 47.4% of respondents predicted that this year’s sales will be similar to that of last year, and 37.0% will decline. The opinion that it will increase was 15.6%. Internal and external factors (multiple responses) that will have the greatest impact on management this year are whether the overall economic sentiment has recovered (71.0%), whether the government supports policy (46.2%), and whether business operation requirements are met (33.6%).
“The contraction of domestic demand and internal and external uncertainties caused by the prolonged Corona 19 seems to have negatively affected the business outlook such as sales of SMEs.” In addition to the vitalization support policy, government-level policy considerations and active support, such as preparing supplementary legislation for recent regulatory legislation and policies, are needed.”
Reporter Woojung Lee firstname.lastname@example.org
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