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EU Commission Reveals Impact of High Inflation on SMEs

Inflation's Toll on European SMEs

Published on: 15/01/2024 News

The European Commission published a study on December 15, 2023, detailing the effects of high inflation on small and medium-sized enterprises (SMEs) in Europe. 

The study highlights issues like late payments, increased bankruptcies, and challenges in public procurement and skilled labor access. It underscores the varied impact on different industrial sectors and the accelerated investment in digital and green technologies. The study advises national governments to monitor inflation closely and suggests targeted policy support over broad-based measures.

For further details, you can refer to the original article on the European Commission's website here.