Latin American SMEs are betting abroad to get out of the crisis
November 17th, 2021 – The pandemic has forced Latin American SMEs, the segment most affected by the economic crisis, to sharpen their ingenuity and those that have managed to survive have sometimes had to look for new paths that were not in its initial plans, such as internationalization.
With a contraction of 6.8% in 2020 -the largest in 120 years-, more than 46.2 million infected and 1.5 million deaths, Latin America is the region of the world most affected by the pandemic in health and economic terms .
According to the Economic Commission for Latin America and the Caribbean (ECLAC), more than 2.7 million companies had to close down in the region, which raised the unemployment rate to 10.7% in 2021.
Written by Market Research Telecast
Photo: Mexico Business News
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