Argentina’s manufacturing sector is feeling the heat of President Javier Milei’s radical economic reforms. The industry has shrunk by 11.6% in the first ten months of 2024, reflecting the broader economic upheaval. This decline comes as Milei implements his “shock therapy” approach to fix Argentina’s ailing economy.Seven out of nine industrial sectors reported declines in October 2024. The minerals and basic metals industry was hit hardest, contracting 13.7% year-on-year. This aligns with Milei’s push for deregulation and market liberalization.
December 7, 2024
SOURCE: RIO TIMES
Argentine Manufacturing Down 11.6% in 2024, Yet Key Industries Show Resilience