Medium-sized businesses at highest risk from pandemic

Big businesses are strong, small ones are flexible, but mid-sized enterprises are the most vulnerable to collapse during the pandemic, economists say.

New Zealand has around half a million businesses, of which 97 per cent are sole-trade operations or have fewer than 20 workers, according to government data. Those small and medium businesses (SMEs) employ 29 per cent of the nation’s workers, and account for 26 per cent of the nation’s GDP.

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