Five Lessons From COVID-19 Crisis and SMEs
Over a period of less than two weeks, since it was officially declared a pandemic by WHO, COVID-19 has disrupted lives and economies around the globe. According to a briefing issued by the United Nations Department of Economic and Social Affairs, the COVID-19 pandemic will likely shrink the global GDP by almost one percent in 2020. Countries have taken unprecedented and drastic measures to contain the spread of the virus by closing towns, cities, and national borders, disrupting not only the big corporations but also millions of SMEs around the world.