Data alert.
The economic shock of Covid-19 hit women entrepreneurs harder than their male counterparts."This is consistent with other findings," said Elam. In general, women-owned businesses were hit harder for several reasons:The industries that they are concentrated in were more likely to be impacted by the pandemic than other sectors.Many women entrepreneurs adapted—even growing their businesses—but others temporarily or permanently closed.
Women in low- and middle-income countries showed the highest Total Early-Stage Entrepreneurial Activity . They were closer to gender parity than high-income countries. The Latin America and Caribbean region reported the strongest startup intention. Globally, women and men were equally likely to report that the pandemic provided business opportunities.
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