章 614: Chapter 187, Immigration

Prime Minister Felix said, "As of now, the number of bankrupt businesses in the country has risen to 1,876, and the number of unemployed has broken through 2.47 million, setting a new historical high.

Among these, the cotton textile industry has suffered the most severe losses, with one-quarter of the textile mills going bankrupt and more than half announcing production cuts, leading to a direct drop in capacity by 37%."

Following closely behind is the shipbuilding industry, affected by the reduction in international trade, which in recent months has had virtually no new orders. Even the existing orders have been greatly affected by the economic crisis, with a large portion announcing breaches of contract.

Steel..."

Bad news kept ringing in Franz's ears, an inevitable result of the economic crisis.

In the period of the Great Depression, the market shrank, and companies cut production and staff to survive the crisis, leading to further market shrinkage, creating a vicious cycle.