07/25/2021 18:07
Clarín.com
Economy
Updated 07/25/2021 18:07
Due to the combined effect of the crisis and the pandemic, some
20,000 companies closed last year and about 100,000 formal jobs were lost,
according to the Ecolatina consulting firm, which was based on data from the AFIP.
The report is titled
"PyMEdemia: Argentina, with fewer companies than ten years ago
.
"
Precisely the week that passed the term Pymedemia was coined by Fabián "Zorrito" Von Quintiero who
closed the doors of his Bruni restaurant
harassed by quarantine and tax pressure, among other causes.
The musician who played with Charly García and was part of bands such as Sweater, Soda Stereo and Los Ratones Paranoicos, wrote a letter entitled:
"goodbye to the insane logic of SMEs."
The Ecolatina report indicates that the loss of approximately 20 thousand productive units is
equivalent to 4% of the total
and that the destruction of 100 thousand formal jobs is
1.6% of the labor force.
The most affected are service providers with 95%.
Thus, the total number of companies
returned to the levels of 2008.
Ecolatina's analysis shows that "in March, almost a year after the level of activity fell, net companies did not grow significantly again; on the contrary, their number remains stagnant
or around 520,000".
The segment most affected are service providers with a 5% drop in the number of companies.
More than half of the closings were concentrated in
commerce companies (-4.1%), transportation (-8.1%) and gastronomy and hotels (-13.8%)
, coincidentally, the items hardest hit by the restrictions .
For their part, the companies producing goods fell by 0.8%, showing a net loss of 700 firms, it is deduced from the report of the consultancy.
And although there are signs of reactivation, the number of companies does not follow that rate.
"
They are not managing to keep up," they emphasize.
According to Ecolatina, in recent years three well-differentiated stages have been observed: between 2003 and 2011, the number of companies in the formal private sector jumped 60%, helped by a booming economy, between 2012 and 2018, the stagnation of the GDP had as its correlate in the number of signatures, which remained unchanged;
finally, between 2018 and 2019, close to 18,000 net companies closed (-3.9%).
One of the aspects that stands out is the low growth in employment.
Since 2008, the amount of formal employment increased 6%, but
the population grew 15%
in that period, thus not being able to absorb new entrants to the labor market.
"Without sustained growth in the number of companies, small, medium and large, dedicated to goods and services, it is very
difficult to project a sustained recovery
in employment and the economy," said Ecolatina.
"The stock of companies is a good indicator, not only of current dynamics but also of the future. In a booming economy with investment options, companies would open, while the private sector would be willing to take risks and undertake new projects, trusting in its profitability, "he said, lamenting that the
" situation is the opposite. "
