The COVID-19 pandemic began as a public health crisis that quickly turned into an economic crisis. While the objective of most governments since the start of the pandemic has been to minimize infection and hospitalization rates through the use of lock-downs, curfews and other restrictions on in-person gatherings, such restrictions have had severe economic consequences on the operation of businesses and the sustainability of individual livelihoods. During the COVID-19 pandemic, many governments throughout the world tried to support enterprises and businesses in an effort to mitigate economic hardship, but the private sector nonetheless faced multiple challenges, such as lower demand, disrupted supply chains, declines in investment and dampened expectations.
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