Though the effect of the new wave of Covid-19 is yet to unfold, the Bangladesh economy has largely recovered from the initial shock of the pandemic. However, many small businesses and their employees are still struggling to recover from the damage done by the pandemic. Cottage and microenterprises play a crucial role in Bangladesh’s economy and employment. According to the last BBS Economic Census conducted in 2013, about 89% of the 7.8 million industries in Bangladesh are cottage and microenterprises and 56% of 24.5 million industry workers are employed in these industries. But enterprises are also more vulnerable to shocks because of limited capacities and access to finance.
Though the effect of the new wave of Covid-19 is yet to unfold, the Bangladesh economy has largely recovered from the initial shock of the pandemic. However, many small businesses and their employees are still struggling to recover from the damage done by the pandemic. Cottage and microenterprises play a crucial role in Bangladesh’s economy and employment. According to the last BBS Economic Census conducted in 2013, about 89% of the 7.8 million industries in Bangladesh are cottage and microenterprises and 56% of 24.5 million industry workers are employed in these industries. But enterprises are also more vulnerable to shocks because of limited capacities and access to finance.
