The Small and Growing Business Sector and the COVID-19 Crisis: Emerging Evidence on Key Risks and Needs
External
August 25, 2020
The effect of COVID-19 on economies around the world has been unprecedented. While evidence on this impact is only beginning to emerge, it is clear that the economic damage has been particularly severe for Small and Growing Businesses (SGBs) in emerging markets. Given the importance of SGBs to economic growth and job creation, supporting these businesses must be a critical part of the global recovery.
This issue brief summarizes initial evidence from the first phase of the crisis in March and April 2020 regarding the impact of COVID-19 on SGBs and the SGB support sector more broadly in emerging markets. It summarizes current risks, impacts, and needs so that organizations and individuals who support SGBs can better understand what is happening on the ground.
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