By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – More than 11,950 companies closed their doors in the state of Rio de Janeiro last year, 25.2 percent more than in 2015, according to data released on Wednesday by the Rio de Janeiro Shopkeepers Club (CDL Rio ).

Among the reasons for closing their doors, shopkeepers name lack of public safety and a drastic reduction in retail sales.

“We are still in high unemployment and unemployment directly affects the commercial movement, because people who do not have jobs have no work, can not buy, can not consume,” CDL Rio . . .

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