The global economy continues to be impacted by the COVID-19 pandemic, as well as a fresh set of disasters and conflicts.
MSMEs, meanwhile, navigate additional complex challenges, such as the need for sustainable practices, increased rates of mental ill-health, and more.
Still, MSMEs are often the unsung heroes of economic growth. They play a central role in fostering peace, and are increasingly at the forefront of driving innovation and social change.
In the infographic below, we explore the 10 trends identified by the ICSB, which detail the breadth of the dynamic forces influencing MSMEs.
Sources:
*ABS
**ASBFEO
All other data: ICSB Annual Global Micro-, Small and Medium-Sized Enterprises Report