The General Labor Confederation (CGT) carries out this Thursday the Third general unemployment for 24 hours from the beginning of the management of Javier Milei. In the face of this new measure of force, the UADE ECONOMY INSTITUTE made a report that estimated that this day of labor cessation It will have a Economic impact of $ 208,497 million, that is, US $ 194 million.
In addition, they pointed out that this figure is equivalent to 0.3% of April GDP or 6.4% of what would have occurred in the day.
This estimate was made taking into account that not all sectors or regions will lose the same because of the force measure. They anticipated that 62% of the initially lost is recovered within the following month.
In turn, they stressed that the normal development of the collective service influenced that the economic loss is less than that of previous strikes in which transport did not work in its entirety. Anyway, The trains and subtes will stop.
The work of UADE He pointed out that if the groups had stopped, the Economic loss would have promoted au $ s530 million.
General strike: Details of economic impact
This report was prepared from the estimate of the effect in each of the economic sectors based on similar events in the past. “Some sectors practically They do not suffer any impact and others recover it quickly. However, there are other sectors and companies that suffer unrecoverable losses and others that, although they can recover much of the lost, will do so within a much longer period. Therefore, this calculation was made from sector to sector, “the Institute of Economics explained.
In this estimate, only direct, net losses were taken of the recoveries that will be given within the month. Thus, for example, Commerce will recover 35% and restaurants 0% of what is not sold. In this sense, the sectors that explain most of the negative impact are the Manufacturing industry, construction, trade and teaching and health services.
“These sectors will lose production that will be difficult to recover or that will be done with greater costs,” the report anticipated.
This is a preliminary estimate, based on a projection of what could be, Both April 2025, and the impact on the mentioned sectors.
Source: Ambito
