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UNDP (United Nations Development Programme)
The COVID-19 pandemic has brought along some multifaceted challenges to the livelihood of so many across the globe. The recession and limitations created by the COVID-19 conditions have had a major impact on business growth in Indonesia. Based on the research by UNDP, two-thirds of Micro, Small, and Medium Enterprises (MSMEs) took in less revenue during the pandemic, while more than 80% had lower profit margins during COVID. More than 53% of MSMEs experienced a decrease in asset value. In another research, 80% of youth entrepreneurs in Indonesia reported a negative impact of COVID-19 on their business which resulted in nearly 25% of businesses having to close down. To respond to this, research is needed to map and find out the conditions of youth entrepreneurs in Indonesia, how the pandemic has impacted youth entrepreneurs that focus on green economic recovery, and how they maintain the contribution towards green economic recovery efforts.
Last updated 20 Oct 2022 12:24 pm