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Small business, big pressure: why the backbones of the NZ and Australian economies need more support

Written by Antje Fiedler, Senior Lecturer, Management and International Business, University of Auckland, Waipapa Taumata Rau

Small and medium-sized enterprises (SMEs) are the backbone of the Australian and New Zealand economies, employing 42% of Australia’s workforce and 31% of New Zealand’s workers.

But rising costs, weak demand, digital disruption, tariff-driven trade tensions and inflation are pushing many small businesses to...

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Small business, big pressure: why the backbones of the NZ and Australian economies need more support
Bevan Goldswain/Getty ImagesSmall and medium-sized enterprises (SMEs) are the backbone of the Australian and New Zealand econ…

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