Almost 10,000 private companies have closed their doors since last November due to the ongoing economic crisis, a new report has found. Over the same period – lasting six months, November 2023-May 2024 – more than 260,000 registered jobs have been lost, with large firms generally laying off more.The study, released by the Centre for Political Economy (CEPA) think-tank, indicates that activity across all industries was down 16.5 percent in the first half of 2024 compared to the same period of the previous year.
August 27, 2024
SOURCE: BUENOS AIRES TIMES
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Downturn bites – 10,000 firms shuttered, 265,000 recorded jobs lost since last November