Despite the importance of small and medium enterprises to the economies of all countries, they are the first to be affected by economic crises, which prompted several countries to take a package of decisions supporting them with the aim of preserving them and mitigating the effects of the crisis on them and their businesses.
New guidance report from the International Labor Organization Lockdown and containment measures risk increasing relative poverty levels among workers in the informal economy by up to 56 percentage points in low-income countries, 52 points in high-income countries, and 21 points in upper-middle-income countries.