ECLAC projects 8.5 million jobs losses and 2.7 million company closures in Latin America

The latest estimate by the Economic Commission for Latin America and the Caribbean (ECLAC) is that the region will lose 8.5 million formal jobs and 2.7 million legal businesses will disappear, not including job reductions by companies that will continue to operate. Although the crisis affects all enterprises, the impact will be much more significant on microenterprises and SMEs, because of their weight in the regional business structure.

Source: Ámbito