Small Business Aid Flowing at Different Speeds Across Globe
Comment of the Day

April 03 2020

Commentary by Eoin Treacy

Small Business Aid Flowing at Different Speeds Across Globe

This article from Bloomberg news may be of interest to subscribers. Here is a section:

Governments raced to craft stimulus programs to shield businesses from the economic fallout of the coronavirus, but now they face the challenge of getting the funds flowing.

A review of efforts in the Group of Seven nations suggests Germany and France are proving the most successful, in part because they can take advantage of existing bureaucracy. Others need to win the approval of lawmakers, while logistical obstacles are also emerging that slow the money.

The obvious risk is that the longer programs take to get up and running, the greater the chance firms fail and the economic recovery is delayed.

Eoin Treacy's view

Small businesses are among the biggest employers on aggregate but also represent among the biggest customers for large companies. However, because the sector is necessarily disparate in nature there is a clear difficulty in ensuring the most in need receive funds.

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