Influence of negative factors on small and medium businesses during the crisis

Small and medium-sized businesses are the backbone of any economy. When an external crisis puts markets at risk, small and medium-sized businesses are the first to suffer. For example, the recent outbreak of COVID-19 has negatively impacted many organizations in this segment. The situation is aggravated by the lack of resources of small and medium-sized businesses that could serve as a safety cushion in times of crisis. This article examines the research of economists related to the impact of the crisis on small and medium-sized businesses, and analyzes ways to overcome economic downturns in the financial sectors.