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July 26, 2014
Thursday, June 26, 2014

Gov’t optimistic about industrial recovery

The government relies on its stimulus packages to reverse the downward trend of industrial output, which registered a 3.89 percent plunge in the first semester of the year. “All measures are in place for a favourable trend in the second semester,” Cabinet Chief Jorge Capitanich said in his daily press briefing.

"In the second semester of the year, that begins on July 1, the social inclusion strategy that the government has implemented in the first semester will have a favourable impact on economic growth,” The Kirchnerite official said at Government House.

Capitanich pointed out that not all industries are in the same situation, and referred to the automobile crisis as the main cause for the negative figures released yesterday by Indec statistics agency.

“The ProCreAuto stimulus plan, the production goals and the deal with Brazil will create the conditions for recovery in the second semester,” Capitanich said.

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Tags:  industry  Capitanich  automobile  INDEC  economy  Argentina  





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