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Quantifying the effect of COVID-19 on small business around the world

  • By FFF
  • June 10, 2020
  • 841 Views

ITC survey finds one out of four small businesses in developing countries will close permanently due to the COVID-19 crisis. Governments are called to act fast and spread relevant information.

While the statistics on the COVID-19 contagion show differences across countries and regions, the deep economic consequences of the health crisis are without question. As a result, micro, small and medium-sized enterprises (MSMEs) are suffering around the world, including in geographic regions not (yet) heavily affected by the virus itself.  

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