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Montevideo, August 18th 2022 - 22:14 UTC

Tag: Argentina's Construction Chamber

  • Thursday, March 10th 2016 - 05:18 UTC

    Argentine construction chamber admits 54.000 jobs losses in a “complicated transition”

    “Argentina drags a decade of inflation higher to 20% and it is very difficult to generate public works and mortgage loans with these figures,” Chediack said

    Argentina's Construction Chamber president Juan Chediack said 54,000 jobs have been lost in the sector since December. In statements to a local radio, Chediack pointed out the drop in construction jobs was a result of two factors: ”2015 fiscal deficit that provoked the nonpayment of works, and high inflation that pretty much stopped private developments, which are important job engines.”