OECD publishes report on impact of coronavirus (COVID-19) pandemic on SMEs

OECD publishes report on impact of coronavirus (COVID-19) pandemic on SMEs

The Organisation for Economic Co-operation and Development (OECD) has published a report on the impact of coronavirus (COVID-19) on small- and medium-sized enterprises (SMEs). The report notes that it has been very challenging for SMEs worldwide but that support packages from various governments have helped them to stay afloat. Although some challenges remain for SMEs, the report highlights that the pandemic also presented new opportunities for them. However, the OECD warns that consequent debts from coronavirus must not be unwound too rapidly lest they cause a wave of bankruptcies.

The full report is available here.

Source: Government support has helped save many SMEs but challenges remain - OECD

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