Argentina’s deepening recession is hitting the nation’s small- and medium-sized businesses (SMEs or PyMEs) the hardest: according to a new report, seven out of 10 reporting falling consumption.The survey saw nearly 70 percent of industrial SMEs respond that they are facing a crisis due to the collapse of consumption in the domestic market. Of those polled, 31 of SMEs described their situation as “very bad,” with 38 percent concluding it is “bad.”
May 29, 2024
SOURCE: BUENOS AIRES TIMES
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