The 2021 first quarter Business Expectation Survey results report has been released. The results of the survey suggest that firms were pessimistic about economic activity in the first quarter of 2021 compared to the previous quarter (Chart 2), and anticipate tight access to credit across all markets. The majority of the surveyed firms indicated that COVID-19 containment measures have negatively affected business operations in the current period. However, businesses anticipate to fully recover from the impact of the COVID-19 pandemic in a year from March 2021.
The report is attached below: