IMPACT OF COVID-2019 ON THE ECONOMIC INDICATORS OF SMALL AND MEDIUM BUSINESSES

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Date

2022

Journal Title

Journal ISSN

Volume Title

Publisher

2022 International Young Scholars' Conference

Abstract

Annotation Small and medium business is the backbone of the economy of any country. It provides employment for the economically active population, promotes innovation and diversification of industries. From the results of the survey that was conducted by ILO Score Programme, it was pointed out that micro, small, medium sized businesses (MSMEs) represents about 70% of global employment and about 50% of GDP. The quarantine measures introduced in the first half of 2020 have had an impact on the country's economy. In particular, it has had a significant impact on the success of small and medium-sized businesses. This article describes the economic performance of small and medium-sized businesses in Kazakhstan and the world before and during the pandemic.

Description

Keywords

Enterprise, Covid-19, GDP, SMB, OECD, economic performance, 2022 International Young Scholars' Conference, №11

Citation

A.M. Nurpeiis / IMPACT OF COVID-2019 ON THE ECONOMIC INDICATORS OF SMALL AND MEDIUM BUSINESSES / 2022 International Young Scholars' Conference