Economy Crisis in Construction: Massive Layoffs and Company Closures, Demanding Solutions Now

[Ron]

It looks like construction is one of the hardest-hit areas by the economy. They're going through a real crisis. Construction seems to top all the statistics as the sector that took the worst hit from the fiscal adjustments and the recession that has deepened in the past few months.

“La situación es gravísima”: entre despidos y cierre de empresas, la construcción exigió reactivación y cobrar una deuda de $400.000 millones

Los empresarios del sector se reunieron en la convención anual de Camarco. Se trata del segmento de la economía que más cayó en la primera parte del año y uno de los más ajustados del gasto público

www.infobae.com

 

[CecilM]

Yeah, I just read the same thing. It seems like construction is having a massive impact on the overall economy of the country. It's contributed to the economic growth plummeting, but I hope it rebounds soon so that things can start improving.

https://www.nbcrightnow.com/national/argentinas-growth-plummets-5-1-in-first-quarter/article_230c2c82-f014-5a95-97cd-95dd0480c40d.html

 

[Betsy Ross]

Hopefully things turn around the second half of this year.