energy crisis, middle-class businesses, russia and ukraine, small and medium enterprises, small companies

Impact of High Energy Costs on Middle-Class Businesses

Small and medium enterprises (SMEs) are significant contributors to the global economy. But, with rising energy costs, many middle-class businesses are beginning to struggle.   In developing countries, SMEs make up about 90 percent of the private sector, creating about 50 percent of the jobs in their respective economies. For instance, about 80 percent of African jobs ...

Nathan Machoka

Electric power lines.