Socio-economic Impact of COVID-19 on Micro Small and Medium Women-owned Enterprises in Mogadishu

Somalia’s capacity to deal with and react to COVID-19 is undermined by factors such as widespread poverty and inequality, a persistent humanitarian crisis, protracted conflict, fragile health care system, and a weak economy. COVID-19 has had a devastating impact on the economy leading to a crisis compared to the global recession. The Federal Government of Somalia (FGS), in its March 25 publication, expected -11% drop on Gross Domestic Product (GDP), as the pandemic hit the countries livestock export market and witnessed nearly 50% decrease on remittance from Somalis living abroad.

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