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Women entrepreneurs lost more businesses than men in Covid-19 pandemic

Women entrepreneurs lost more businesses than men in Covid-19 pandemic
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What do we really know about Africa s informal economy?

Amidst the pandemic, Moldovan businesses face growing anxiety

Amidst the pandemic, Moldovan businesses face growing anxiety   In a previous blog, we introduced Viorica C., the owner of a hair salon in Chisinau, and described how COVID-19 had impacted her business and other firms in Moldova. In fall 2020, eight months into the pandemic, we went back to see Viorica and to visit other firms from the 2019 World Bank Enterprise Survey to determine how Moldova’s private sector was adapting to the new normal - against a background of a sixfold increase in the number of coronavirus cases and the worst drought in two decades. In our latest Economic Update, the World Bank estimated that the recession in Moldova in 2020 would reach 7.2 percent of GDP, with young workers affected the most. Unfortunately and perhaps not surprisingly, businesses were not immune to the ongoing health and environmental crisis.

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