Pacific revenue, mental well-being dive

THE most recent survey, October Pulse, done by Pacific Trade Invest, reports that as the impact of Covid-19 continues to fuel an economic crisis across the Pacific region, the extent and severity of negative effects have increased over the last month.
Pacific revenue, mental well-being dive Pacific revenue, mental well-being dive Pacific revenue, mental well-being dive Pacific revenue, mental well-being dive Pacific revenue, mental well-being dive

Staff Reporter

"The impact on both revenue and mental well-being have risen starkly across the region since our last Survey 6, conducted in September.
 
"Worryingly this month most businesses (93%) reported a decline in revenue, which is the highest number since tracking began. More than two thirds (70%) of businesses labelled the decline as ‘significant', which is also a steep jump from last month's survey (60%).
 
"Although the Pacific has remained relatively coronavirus free, emotional and mental well-being appears to have worsened among business decision-makers. The negative toll on mental health has increased to the highest reported (74%), up almost 10% from last month (65%)," the October Pulse reported.
 
It adds that those reporting a very negative impact on mental health increased to nearly a quarter (23%).
 
As the pandemic continues to take a toll on business owners in the Pacific, female-led/owned businesses continue to face disproportionately more barriers to actioning initiatives in comparison to male-led/owned businesses (49% versus 32%). Female-led/owned businesses also face more substantial declines in sales and revenue (78% versus 60%).
 
You can view the full PTI Pacific Business Monitor report here: https://bit.ly/3ku4Ofh
 

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