Socio-economic impact of Covid-19

The COVID-19 pandemic is far greater than the health crisis: it is affecting societies and economies at their core. The impact of the pandemic varies from country to country, increasing global poverty, and inequality, making the practice of SDGs even more urgent. Assessing the impact of the COVID-19 crisis on societies, economies and vulnerable groups is fundamental to informing and shaping the responses of governments and partners to recovering from the crisis and to verifying that no one is left behind in this endeavour. Without immediate socio-economic responses, global suffering will escalate, putting lives and livelihoods at risk in the years to come. Immediate development responses to this crisis must be undertaken with a view to the future. Long-term development trajectories are affected by the choices countries make now and the support they receive
Although all businesses and sectors were affected by the epidemic, the sector was severely affected by reduced cash flow, supply chain disruptions, shortage of migrant workers due to reverse migration, low demand and so on.