A very weakened fabric

TL;DR

Colombian SMEs are facing their most complex period in years, prioritizing survival over growth and innovation.
Adverse factors include cooling domestic demand, high operating costs, and the impact of minimum wage adjustments.
Companies are resorting to defensive strategies such as job containment, reduced shifts, and benefit reviews.
Tax burdens are high, credit access is restricted, and support programs are fragmented.
Informality erodes competition and penalizes compliant businesses.
Reduced investment and profitability compromise future job creation and productivity.
A clear agenda is needed to support SMEs, focusing on productivity, reduced uncertainty, and relief during slowdowns.
Lack of action risks lower tax revenue, increased informality, and reduced sustainable growth capacity.

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