This report examines the impact of COVID-19 on entrepreneurship and explores potential policy remedies for recovery. The study uses data from the Global Entrepreneurship Monitor (GEM) and is authored by a team of experts from various countries. The report acknowledges the contributions of the GEM consortium and its National Teams, as well as the GEM Global Data and Operational team. The report is divided into two parts, with Part 3 focusing on the impact of COVID-19 on entrepreneurship and Part 2 discussing policy remedies for recovery. The report concludes by emphasizing the importance of supporting entrepreneurship as a key driver of economic growth and recovery.