The 2023 action plan for SMEs
February 17, 2023
For many of us, 2023 is off to an unusual start, due in part to recent economic forecasts and headlines reporting worrying business outlooks.
Amid all of this, few seem to be talking about the thousands of small and medium sized enterprises (SMEs) that represent nearly half of Singapore’s GDP – and are more likely to feel the pinch. While the weakening global economy and inflation affects the performance of trade-dependent industries, overall SMEs have been found to be generally positive about their near-term business outlook.