In recent months, low incomes and small and medium-sized enterprises (SMEs) have felt the economic impact deeply, reflected in a notable reduction in their consumption and revenue. This economic phenomenon has been caused by a confluence of factors, among them the increase in the cost of living and difficulties accessing credit. Experts point out that the implemented economic measures have not had the expected reach to mitigate the difficulties of these groups, which are fundamental pillars in the country's economic fabric.
SMEs, in particular, face significant difficulties in maintaining their operations, which translates into a lower contribution to Gross Domestic Product and a possible increase in unemployment. Additionally, consumption by low-income households has declined, directly affecting key sectors such as retail trade and services. Analysts suggest that, if more effective support measures are not implemented, the economic recovery could face a slowdown, with long-term consequences for the country's social and economic stability.
Read the full news article on The World.
