KIJI.is (Japan) published an article on the effects of COVID-19’s lockdown on the country. The coronavirus pandemic forced thousands of small businesses across the country to close their doors and quarantine. Many have lost their investment, jobs, and their business. A year later, many businesses are still struggling to recover—some never reopened. The outbreak of COVID-19 and resultant lockdowns have cast a heavy toll on SMEs. The article referenced an IFPRI paper, The impact of COVID-19 on small and medium-sized enterprises: Evidence from two-wave phone surveys in China.
Post-COVID-19: Building SME sector and strengthening its resilience against future economic shocks | Daily FT (KIJI.is)
March 04, 2021