How are Argentine businesses coping with recession?
Argentina’s economic crisis has been getting increasingly harsher. Even before yesterday’s debt-restructuring announcement, businessmen were struggling to keep a semblance of normalcy in their firms.
Owners are selling their businesses at the prices they can get, struggling with delayed payments and painful day-to-day decision making including firing and cutting costs. Speaking with The Essential, multiple small and medium-sized business owners and managers explained their daily struggles and perspectives.