OECD SME and Entrepreneurship Outlook 2021
Small and medium-sized enterprises (SMEs) and entrepreneurs have been hit hard during the COVID-19 crisis. Policy responses were quick and unprecedented, helping cushion the blow and maintain most SMEs and entrepreneurs afloat. Despite the magnitude of the shock, available data so far point to sustained start-ups creation, no wave of bankruptcies, and an impulse to innovation in most OECD countries. However, government support has been less effective at reaching the self-employed, smaller and younger firms, women, and entrepreneurs from minorities. Countries were not all even in their capacity to support SMEs either. As vaccine campaigns roll out and economic prospects brighten, governments have to take the turn of a crisis exit and create the conditions to build back better. The OECD SME and Entrepreneurship Outlook 2021 brings new evidence on the impact of the crisis and policy responses on SMEs and entrepreneurs. It reflects on longer-term issues, such as SME indebtedness or SME role in more resilient supply chains or innovation diffusion. The report contains country profiles that benchmark impact, factors of vulnerability, and sources of resilience in OECD countries, and give a policy spotlight on liquidity support and recovery plans for SMEs.
Also available in: French
Country Profiles
The OECD SME and Entrepreneurship Outlook 2021 places a special focus on the impact of the COVID-19 crisis on SMEs and entrepreneurship (SME&E), and how governments responded through crisis and recovery policies. It brings together a new series of standardised country profiles to provide a national perspective on the state of the SME and entrepreneurship sector, as well as to benchmark their vulnerabilities and potential of resilience in the context of a post-COVID-19 recovery.
Also available in: French
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