Volume 16, Number 1, June 2021
| The Impact of COVID-19 Pandemic on Small and Medium Enterprises in Jordan |
Abstract
This paper is written to examine the impact of COVID-19 pandemic on Small and Medium Enterprises (SMEs) in Jordan during the first wave and the current second wave that SMEs are facing. The results show that most sectors have been significantly affected and few have thrived during the pandemic. It is essential to overcome this pandemic through adopting coping strategies and through a robust risk management system while counter measures for COVID-19 are still effective and are affecting the economic climate of Jordan. Based on this, the SMEs are seeking governmental support in order to mitigate the harm caused by the pandemic. Also, SMEs should be agile and open for any opportunity available along with supporting containment of the spread of COVID-19.
Keywords: COVID-19, SMEs, Jordanian Economy, Coronavirus
JEL Classification: A10, A13, A19, B55, G01