{"id":46133,"date":"2022-07-05T15:38:37","date_gmt":"2022-07-05T07:38:37","guid":{"rendered":"https:\/\/www.crazydomains.com\/learn\/?p=46127"},"modified":"2022-07-05T15:47:32","modified_gmt":"2022-07-05T07:47:32","slug":"australia-msme-day","status":"publish","type":"post","link":"https:\/\/www.crazydomains.com.au\/learn\/australia-msme-day\/","title":{"rendered":"State of Australia\u2019s MSMEs at the Second Year of the Pandemic"},"content":{"rendered":"

By the end of 2021, Australia\u2019s GDP recorded a 3.4% increase<\/a>. The boost shows Australia\u2019s economic resiliency in handling the pandemic\u2019s disruptions. Among the smart ways small businesses cope is by establishing an online presence. Estimates show that Australia accelerated five years forward<\/a> in digital adoption in just 2 months.<\/p>\n

The second year of the pandemic proved to be a steeper slope for them. The challenge now expands to what it takes to grow and become competitive online. Along with this, the inflation rate hike and global conflict might not mean well for Australia’s recovery.<\/p>\n

Here are some key findings on 300+ Aussie micro-, small, and medium enterprises (MSMEs). It\u2019s worth finding out how their business has been two years into the pandemic, what they\u2019re doing to foster digital growth, and how the current local and global issues have affected them.<\/p>\n

MSMEs Business Performance and Economic Outlook<\/h3>\n

Intermittent lockdowns, including the surge of Omicron cases early this year, are some of the humps businesses had to overcome for the past 12 months. Results show that while 25% of them believe that they\u2019ve been performing better, a slightly higher number of 28% affirm that they\u2019re doing worse. On the other hand, 46% of MSMEs say that nothing has changed for them.<\/p>\n

The continuing struggle of the pandemic is just the tip of an even bigger dilemma. The hike in consumer prices and the ongoing strife in Europe are some of the recent issues impacting businesses worldwide. Find out Aussie businesses\u2019 sentiments as they face these matters head-on by downloading the free report.<\/p>\n

READ: Australian Small Businesses Sentiments amid the COVID-19 Recession<\/a><\/strong><\/p>\n

On the Accelerating Digitisation<\/h3>\n

78% of MSMEs already own a website. This comes as no surprise given the rapid digitalisation of business to combat the uncertainties of the pandemic.<\/p>\n

\"Business<\/p>\n

Here are some of the online solutions that they are offering so far:<\/p>\n