SMB Expects the Second Wave of the Pandemics
But hopes for softer restrictions
It was discovered during the August measurement of RSBI — a monthly research of SMB business attitudes organized by PSB jointly with OPORA Russia and MAGRAM Market Research.
Nearly a half of SMB representatives (48%) expect the second wave of COVID-19 in Russia before the end of 2020. 35% are confident, that the second wave will not occur, 17% — answered DK.
It is interesting, that in Moscow and Moscow Oblast the share of those, who answered DK is higher vs. in the regions (24% vs. 16% in the regions).
However even those, who are confident, that the second wave will occur (48%), do not believe, that the restrictions will be as strict as in spring — only 17% of the respondents expect the total lockdown, the same as it has been before.
At the same time only 63% of those, who expect the second wave, take preventive measures to mitigate its consequences:
Among other measures enterprise closures, further FTE and salaries cuts, shifting employees to «remote work» etc. were mentioned.
RSBI — starting with 2020 a monthly research of SMB business attitudes is organized by PSB jointly with OPORA Russia and MAGRAM Market Research. In July the measurement covered owners and executives of 1,629 small and medium companies across all Russian regions. Index higher than 50.0 p.p. indicates the growth of business activity, lower than 50.0 p.p. – the decrease. The index at the level of 50.0 p.p. means stagnation.