Argentina’s Economy Recovers at Two Speeds: Agriculture and Energy Grow, but Households and Industry Remain on Alert
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6.5% of GDP growth hides an economy at two speeds: agriculture, mining and energy are growing, while industry and construction are collapsing and have already destroyed more than 210,000 formal jobs. Without an active productive policy, this column warns, this gap can consolidate "two Argentinas." Since Javier Milei's assumption, Argentina's macroeconomics exhibit a data that officialism tends to use with pride: an aggregate growth of 6.5% of GD…
While agriculture, energy and mining are more dynamic, sectors with a strong impact on employment and consumption, such as industry, construction and trade, are still lagging behind. Economist Carlos Pérez, director of the Capital Foundation and former director of the Central Bank, warned that the main challenge is no longer to sustain the decline in inflation, but to ensure that growth reaches a greater part of the economy. One of the indicator…
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