National

More than half of U.S. small business owners say their business will not be able to continue operating more than three months due to economic strain caused by the coronavirus pandemic, according to a Goldman Sachs survey of more than 1,500 small business owners conducted March 16-17.

Why it matters: Much of the conversation around the economic effects of the outbreak has centered on the stock market and bailouts for large corporations, but its most acute impacts are being felt on Main Streets around the country.

Go deeper: The coronavirus pandemic is hitting Main Street

96% of small business owners are already feeling coronavirus impact

More than half say their business won't be able to last more than three months.

Photo: Andrew Lichtenstein/Corbis via Getty Images

Business

Coronavirus

More than half of U.S. small business owners say their business will not be able to continue operating more than three months due to economic strain caused by the coronavirus pandemic, according to a Goldman Sachs survey of more than 1,500 small business owners conducted March 16-17.Why it matters: Much of the conversation around the economic effects of the outbreak has centered on the stock market and bailouts for large corporations, but its most acute impacts are being felt on Main Streets around the country.

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.