Policy Briefs
Policy Brief: Diagnosing COVID-19 Impacts on Entrepreneurship
As a result of COVID-19, Belarus has experienced economic shock related to domestic demand, export demand and import supply. However, there has been no lockdown of the economy in Belarus. Lack of funding and the impossibility of providing decent support to businesses impacted by the lockdown would have led to its full collapse. However, there were still negative impacts, because of travel disruptions and social distancing, on tourism, leisure, sports, culture and retail — industries that mostly comprise privately owned SMEs. But, in June 2020, Belarusians began to see signs of a slight recovery.