Factories are on the ropes between adjustment and recession in Argentina. Representatives of small and medium-sized enterprises (SMEs, or PyMES) warn drop in consumption is threatening the future of industry.
AVELLANEDA (AFP) – Argentina’s factories, like many economic sectors, are floundering as consumers hit by sky-high inflation and shrinking income buy fewer goods. Few hold out hope that things will get better any time soon. “People still have savings” for now, Gustavo Avalos, who owns an ink factory outside Buenos Aires, told AFP. But “the […]
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