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Posted: 2025-04-25 07:42:15 UTC
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-04-25 07:43:24 UTC
Verified By
Rollup News
The World Bank reports that the informal sector's productivity is only 25% of the formal sector's, indicating that formalization drives economic development while informalization hinders it.
Informal sector productivity is significantly lower than the formal sector.
Formalization is crucial for economic development.
Informalization can be detrimental to economies.
Lower productivity in the informal sector.
Impediments to economic development due to informalization.