This OECD report, published in 2021, builds on lessons learned from the COVID-19 pandemic and its impact on SMEs and entrepreneurs. These categories were particularly vulnerable as they face limited cash reserves to overcome low incomes due to lockdowns and falling sales. This report analyses the short and long-term effects of the crisis and looks at the policy response to support the recovery of SMEs and entrepreneurs. It also looks at measures taken to counter the impact of the crisis in particular on SMEs, such as initiatives aimed at improving business resilience and adaptability to changing circumstances. The report also presents 38 country profiles that provide an overview of national SME performance and business trends. More specifically:
Part 1 deals with SME indebtedness, the risks and opportunities posed by possible transformations of global value chains, as well as the digitalisation trends of SMEs and innovation that emerged during the crisis.
Part 2 presents 38 country profiles, provides an overview of the national performance of SMEs and business trends, and assesses the vulnerability and resilience factors of the SME sector in each country. Country profiles also present national SME and entrepreneurship policy frameworks and recent policy initiatives to support the recovery of SMEs.
⚠ disclaimer: The text has been automatically translated from the European platform Digital Skills and Jobs. If you have found errors in the text, please contact digikoalice@npi.cz