COVID-19 and European small and medium-size enterprises : how they are weathering the storm

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<subTitle>: how they are weathering the storm</subTitle>
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<abstract displayLabel="Summary">Small and medium-size enterprises (SMEs) have been the lifeblood of the European economy, accounting for more than two-thirds of the workforce and more than half of the economic value added. Yet the results of a recent McKinsey survey, conducted in August 2020, of more than 2,200 SMEs in five European countriesFrance, Germany, Italy, Spain and the United Kingdomindicate just how hard their prosperity has been hit by the COVID-19 crisis.</abstract>
<note type="statement of responsibility">Jonathan Dimson...[Et al.]</note>
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