Argentina: 500,000 jobs lost as PyME closures accelerate, IPA warns

The president of Industriales Pymes Argentinos (IPA) reports 500,000 jobs lost due to PyME closures, with no bottom in sight for declining activity. Installed capacity in the metalmechanical sector has collapsed, and a 200% electricity rate increase compounds the crisis, while energy/mining growth has not yet reached the productive network. This signals deepening domestic recession and potential social strain, though the claim is from an industry association and not yet independently verified.