America’s small businesses grapple with rampant inflation

According to a new report by the American Chamber of Commerce, almost 9 out of 10 small business owners in the United States (88%) are concerned about the impact of inflation in the second quarter of this year.

This is while 85% of small businesses were worried about inflation in the first quarter of this year, and 75% of these businesses were worried about inflation in the last quarter of 2021.

Nearly half (49%) of these businesses said they were very worried about inflation, which was 44% among businesses in the first quarter of this year and 31% in the last quarter of last year.

Also, the number of small business owners who believe that inflation has had a significant impact on their performance has increased. According to the report of the American Chamber of Commerce, 74% of small business owners stated that inflation had a significant impact on their performance in the first quarter, and this number reached 80% in the second quarter of this year.

Kevin Coleman, the vice president of the National Federation of American Free Business, said in a statement: Inflation reaching the highest level in the last 40 years has caused small businesses to continue to struggle with price increases, while there is little hope of reducing this inflation in the future. does not have.

Previously, the CNN news network warned: Many key factors (such as inflation and internal political differences) have threatened the economic outlook of the United States and increased the fear of an economic recession in this country.

The CNN news website wrote: The fear of economic problems has created a tense atmosphere and new internal disturbances in the United States, which, considering the upcoming mid-term elections and the (possibility) of power sharing between Republicans and Democrats, can be on the way to improvement. disrupt the economic situation and bring an economic recession.

According to this report, families in America are currently facing problems in getting food and basic goods due to the increase in prices, and in some big cities of the country, officials are dealing with the problem of homelessness.

Also, the political differences within the party and the fact that the two main parties of the country are not able to take even a little action regarding the issue of guns and horrific shootings (in America), as well as the results of the congressional investigation committee on the January 6 (terrorist) incident that former President Donald Trump America has planned a coup d’état in this country, it has caused a state of national tension which seems to have aggravated and worsened the domestic situation in America.

On the other hand, some intractable foreign issues have cost America. Washington’s effort to support Ukraine in the war against Russia will cost the country high, and the confrontation with China as an economic superpower will also cause America to put pressure on its resources. Takes.