What we know about how economies react to (health) crisis, what this means for MSMEs and what comes after?
The COVID 19 health crisis and the associated measures of confinement will have devastating consequences for micro and small business operations and will disrupt many existing value chains. This in turn will lead to loss of income and sharp increases in unemployment. The estimated negative growth effect for African economies for example in early April 2020 was estimated to be between -2% and -8% .
- See here the ILO webpage on the employment impact of COVID 19
- See here Enterprise department brief: Interventions to support enterprises during the COVID-19 pandemic and recovery
- See here the Policy Brief on the Enabling Environment for Sustainable Enterprises and the Post-COVID-19 Rapid Response