Argentina's industrial output, construction plunge amid recession

[Avocado]

Things are going horrible in Argentina. Many unemployed and more to be fired. Just horrible. Look at the #s.

Industrial output, construction plunge amid recession

Construction activity also plunged 42 percent in March, its worst annual decline since mid-2020 when the country was in a strict lockdown due to the pandemic.

www.batimes.com.ar

 

[Larry]

Things are going horrible in Argentina. Many unemployed and more to be fired. Just horrible. Look at the #s.

Industrial output, construction plunge amid recession

Construction activity also plunged 42 percent in March, its worst annual decline since mid-2020 when the country was in a strict lockdown due to the pandemic.

www.batimes.com.ar

Yes I posted the same article earlier today. Things are bleak.

 

[España]

Buenos Aires Herald is to the left but they also predict it's going to get uglier.

Crisis impact: the blow of austerity is being felt in almost all economic sectors - Buenos Aires Herald

Economists largely agree that there won’t be a V-shaped recovery — there will not be a sharp rebound and the signs are worrying

buenosairesherald.com

 

[Avocado]

Yes I posted the same article earlier today. Things are bleak.

Yes Larry it is very shocking how many people are losing their jobs. I know many people that have lost their jobs already or have been told they will be laid off soon. Milei's policies will make it easier for employers to get rid of workers. It will be a very bad thing.

 

[Avocado]

Look at the job losses just from October to April. 120,000. And October to now is over 250,000 jobs.

 

[BA Bound]

Look at the job losses just from October to April. 120,000. And October to now is over 250,000 jobs.

View attachment 6731

@Avocado where does your 250,000 figure come from? This article says about 144,000 private sector jobs were lost in the past 8 months.

As Argentina’s recession deepens, businesses make over 38,000 crisis filings - Buenos Aires Herald

Industry and construction are the hardest-hit sectors of an employment crisis that’s reaching further than the pandemic

buenosairesherald.com

 

[MikeYoung]

Sounds like things aren't as rosy as some say they are in Argentina.

Argentine retail sales plunge amid wage crisis​

Argentine retail sales plunge amid wage crisis

Retail sales by small and medium-sized enterprises (SMEs) in Argentina continued their negative trend in November, recording a sharp decline of 9.1% compared to October and a year-on-year drop of 4.1%, according to the Argentine Confederation of Medium-Sized Enterprises (CAME).

en.mercopress.com

 

[BA Bound]

In February retail sales went down 5.6% year over year. 6 out of the 7 monitored sectors recorded negative results.

Bazar and decoration - 14.4%
Perfume: - 10.7%
Food and beverage: - 8.7%

 

[James Bond]

In February retail sales went down 5.6% year over year. 6 out of the 7 monitored sectors recorded negative results.

Bazar and decoration - 14.4%
Perfume: - 10.7%
Food and beverage: - 8.7%

View attachment 10544

It is very sad to see the country continuing to struggle so much and prices go higher. My fiancé's family is all in BA and they say it is getting worse.