The economist, Gaston Alonsospoke to Channel E and referred to the tender of the government’s bond issue with a view to 2029, he also mentioned the stability of the dollar and sovereign risk, but asked what was happening to employment in the construction and industrial sectors.
Gastón Alonso emphasized that the financial situation shows solid signs: “Probably towards the end of the afternoon Let us achieve a good result in the BONAR 29 tenderthis is an approach for returning to the international capital markets.” He added that “this thing with stable dollars, the stable gap, the stable country risk and stocks that have gone way up.” Make a very positive financial scheme“.
Crisis in the real economy
However, it made the difference to the real economy: “If there is no transfer of the financial bonanzas to the real economy, it’s no use“.
To explain the extent of the production decline, Alonso listed key data: “In the October industry data, we had a decline 0.8%in case of construction 0.5“And for a year-on-year comparison, he added: “In 2025, the industry will have October.” a decrease of almost 5%if we compare with November 2023, Yes, it is a decrease of 5.1%“.
Sharp decline in employment since the government took office
The impact on the workforce is even more critical: “We have been doing this since we came into power in August 40,000 jobs less in industry and 60,000 jobs less so in the construction industry.” In this way, he warned that “the financial part.” is very well receivedbut the government’s enormous debt It has to do with employment and the real economy“.
Regarding the question of whether the financial improvement compensates for the deterioration in employment, the respondent commented: “Employment falls very sharply in the industrial polesin Buenos Aires, in Santa Fe, in Córdoba.” Although he noted a slight recovery in oil and mining-related economies, he stressed: “there is no compensationPeople who work in factories or in commerce They can’t all go to work in Vaca Muerta“.
In addition, he mentioned the expansion of the platform economy as an emergency exit: “It is a kind of temporary lifeline, but it doesn’t solve the structural problem“.
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