The president of the Argentine Industrial SMEs (IPA), Daniel Rosato, demanded that the Government redefine the economic program due to the “endless crisis it has generated in the national productive sector.” The leader warned that, without changes, the country is heading towards a “low and socially regressive equilibrium” that will deepen the closure of companies and the fall in employment by 2026. Rosato pointed out that, although macroeconomic variables have stabilized, national production has been “in the basement.” According to his statements, the loss of jobs recorded exceeds 300,000 since the beginning of the current administration, and he stated that “the stability achieved by the Government looks a lot like the peace of cemeteries.” The data comes from an IPA Observatory report, prepared by economist Federico Vaccarezza, which analyzes the impact of official policy on small and medium-sized enterprises. The document received by the Argentine News Agency details that the industry is facing a scenario of falling sales and rising operational costs due to the recession. The head of IPA criticized the opening of textile and footwear imports without measures that promote local competition. In this regard, he stated that “without factories, the crisis not only deepens but becomes permanent” and added that, in an open economy, “lowering our costs in dollars is key,” for which he demanded a clear economic plan that generates confidence. For the sector, the lack of an industrial plan discourages investment and increases labor informality. The report concludes that without an improvement in real wages and access to credit, the economy risks maintaining a stagnation scheme with pessimistic business expectations for the coming years.
