From Perfil · · 50s
Argentina's Industry Falls as Employment and Production Warn
Argentina's industry continues falling, with warnings about employment and production impacts.
In brief
Argentina's industry continues falling, with warnings about employment and production impacts. Argentina's industry remains in decline, with economists warning of ongoing employment and production impacts. Originally reported by Perfil.
Industry Still Falling
Argentina's industry continues falling, with warnings about employment and production impacts.
“No podemos asegurar que este sea un piso”
Economist Warns of Employment Risks
Economist Diego Coatz warned that the industry's decline could harm employment and production.
“De nada te sirve tensionar, lo que tenés que generar es dialogar y buscar respuestas”
Industry's Economic Role
Industry accounts for 19% of GDP, generates formal jobs, and contributes to middle-class stability.
“El sector aporta alrededor del 30% de la recaudación”
RIGI Investments Impact
RIGI investments target oil and mining sectors but metalmecánica is falling 6%.
“Hoy el sector petrolero, el rigi está apuntando mucho al sector petrolero y al sector minero”
Need for More Measures
Coatz urged multiplying economic measures to boost activity and prevent further job losses.
“Hay que multiplicar esas medidas para empezar a mover la actividad”
Last Quarter Warning
Industry may continue declining slightly in the last quarter without new government actions.
“Este puede ser un piso bajo, pero no puedo asegurar que sea un piso”
The short version
Argentina's industry remains in decline, with economists warning of ongoing employment and production impacts.
