The report focuses on the SME (small and medium-sized enterprise) story during the recession and recovery. It highlights the importance of SMEs in the economy and the challenges they faced during the recession. The report also discusses the role of government policies in supporting SMEs and the importance of having a clear and consistent strategy for economic recovery. The report is produced by ACCA (the Association of Chartered Certified Accountants) and IMA® (Institute of Management Accountants), which are two leading professional organizations in the field of accounting and finance. The report is intended to provide valuable insights and information for business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.