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Analysis: COVID-19 Could Cause Over 2.7 Million SMEs in Latin America to Close

RIO DE JANEIRO, BRAZIL - At least 2.7 million businesses are expected to close in Latin America - most of them small and medium-size businesses (SMEs) - as a result of the economic shock caused by the COVID-19 pandemic, the US consulting firm Boston Consulting Group (BCG) said in a report on Friday, December 11th.

The traffic flows in the streets of Latin American cities that make them vibrate daily are largely due to the thousands of small and medium-sized businesses - restaurants, theaters, neighborhood stores - that this year were forced to pull down their blinds because of quarantines and . . .

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