European Union

This is how COVID-19 is affecting Europe's SMEs

Hospitality is one of the industries worst affected. Image: REUTERS/John Sibley - RC2NTF9CFKWX

Karim Tadjeddine

Partner, McKinsey

Ruchi Sharma

Associate Partner, McKinsey

Zdravko Mladenov

Partner, McKinsey

Jonathan Dimson

Senior Partner, McKinsey


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Exhibit one: Revenue has fallen for Europe's SMEs since the start of the pandemic. Image: McKinsey&Company
Exhibit two: Perception of strength of the European economy, by SMEs. Image: McKinsey&Company
Exhibit three: A fifth of European businesses are concerned about payment obligations. Image: McKinsey&Company
Exhibit four: Growth is expected to stall across Europe. Image: McKinsey&Company
Exhibit five: 10% of Europe's businesses expect they will have to file for bankruptcy within the next half a year. Image: McKinsey&Company
Exhibit six: Government support has been helping SMEs. Image: McKinsey&Company

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Related topics:

European UnionCOVID-19Economic Progress


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