Small and medium enterprises (SMEs) across many economies are struggling to regain momentum following a prolonged global slowdown. Rising borrowing costs, subdued consumer demand and supply chain disruptions have weighed heavily on smaller firms.

SMEs play a critical role in employment and innovation, making their recovery essential for broader economic growth. Governments have introduced support measures, including credit guarantees and tax relief, but business groups say access remains uneven.

Experts argue that digital transformation and export diversification could help SMEs adapt to changing market conditions. However, limited resources and skills gaps remain barriers.

As global growth prospects remain uncertain, policymakers face pressure to ensure SMEs receive targeted support to prevent long-term damage to economic resilience.