New World Bank Research in Partnership With the Mastercard Economics Institute
What happens to local businesses after a hurricane passes?
A joint study by the Mastercard Economics Institute and The World Bank economist Leora Klapper found that merchants typically lose two days’ worth of sales they never recover. The data show the greatest predictor of sales recovery isn’t storm intensity, but merchant category.
A digital sales channel, however, can make a difference.
Read more here.
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