Publication:
The Evolving Effect of COVID-19 on the Private Sector

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dc.contributor.authorKaralashvili, Nona
dc.contributor.authorViganola, Domenico
dc.date.accessioned2021-06-29T19:37:23Z
dc.date.available2021-06-29T19:37:23Z
dc.date.issued2021-06-24
dc.description.abstractThis brief provides a descriptive analysis of the evolving effect of the COVID-19 (coronavirus) pandemic on the private sector of 40 countries. It focuses on the essential aspects of business operations: namely, firms' survival, production of goods and services, and jobs. Firms have suffered massive demand and supply shocks, affecting nearly all sectors. These shocks and the consequent drop in revenues have dried up firms' cash flows, depleting their working capital and putting the private sector under considerable financial distress. This brief also examines the effect of the pandemic on firms' liquidity, providing general assessments of the variation of these effects by country income level and firm characteristics. Firms in lower-income countries seem to have been hit harder across several measures, such as declines in sales and the incidence of overdue financial obligations. Within countries, small and medium-sized enterprises (SMEs) with 5 to 99 employees seem to have fared more poorly than large firms. While some signs of a recovery in terms of sales and capacity utilization are emerging, the recovery is fragile, as it bypasses important aspects such as liquidity and job creation. For a full post-pandemic recovery, it is important that sound businesses that are facing a temporary liquidity problem survive, and the workforce rebounds.en
dc.identifierhttp://documents.worldbank.org/curated/en/580421624568529169/The-Evolving-Effect-of-COVID-19-on-the-Private-Sector
dc.identifier.doi10.1596/35869
dc.identifier.urihttps://hdl.handle.net/10986/35869
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesGlobal Indicators Briefs; No. 1
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectCORONAVIRUS
dc.subjectCOVID-19
dc.subjectPANDEMIC IMPACT
dc.subjectGLOBAL INDICATOR
dc.subjectSMALL AND MEDIUM-SIZED ENTERPRISES
dc.subjectENTERPRISE SURVEY
dc.subjectECONOMIC SHOCK
dc.subjectSALES REVENUE
dc.subjectLAYOFFS
dc.subjectFINANCIAL FRAGILITY
dc.titleThe Evolving Effect of COVID-19 on the Private Sectoren
dc.typeBriefen
dc.typeFichefr
dc.typeResumenes
dspace.entity.typePublication
okr.date.disclosure2021-06-24
okr.date.doiregistration2025-04-29T09:16:42.787050Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Brief
okr.docurlhttp://documents.worldbank.org/curated/en/580421624568529169/The-Evolving-Effect-of-COVID-19-on-the-Private-Sector
okr.guid580421624568529169
okr.identifier.externaldocumentum090224b08874d8c4_1_0
okr.identifier.internaldocumentum33211412
okr.identifier.report161002
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/580421624568529169/pdf/The-Evolving-Effect-of-COVID-19-on-the-Private-Sector.pdfen
okr.topicHealth, Nutrition and Population::Disease Control & Prevention
okr.topicMacroeconomics and Economic Growth::Business Cycles and Stabilization Policies
okr.topicPrivate Sector Development::Private Sector Economics
okr.topicPrivate Sector Development::Small and Medium Size Enterprises
okr.unitGlobal Indicators Group - WB (DECIG)
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