The incorporation of new companies is one measure of how an economy is faring. It's a forward-looking statement from entrepreneurs and the level of risk they are prepared to take. In April 2020, the first full-lockdown month, number of new companies plummeted to 3,783 - a drop of 72%. Put another way, for every four companies formed in April 2019, only one was formed in April 2020.
As the economy reopens, as the lines of business start moving again, the extent and shape of recovery in foreign trade will be one to track. Because in this case, it’s not just a matter of getting a consignment to a port inside your own country, there’s also the additional dynamic of sending it to another country. Into all this comes China, a country that didn’t get much love from the rest of the world. Even less so as the country where the virus has changed life as we know it originated.