January 26, 2022 There are 30 million micro, small and medium-sized enterprises (MSMEs)in Brazil, accounting for 30 percent of the country’s GDP. Registered MSMEs provide over 50 percent of all jobs in the formal sector and between January-October 2021, almost 73% of formal jobs created in Brazil were in small businesses. Despite the pandemic’s debilitating effect on the economy, 2.6 million entrepreneurs established new businesses in 2020 (8.4% increase), and the innovation sector ...
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