“If you are shocking the economy with structural reforms all the time, you cannot expect certain sectors not to disappear,” he said in an interview on Sunday with news outlet LN+. Between 2023 and 2025 Argentina’s manufacturing sector fell by 7.9%, surpassed only by Hungary. The report added that, since Milei took office, Argentina’s manufacturing sector has struggled amid import liberalization and weak domestic demand. So far, during the libertarian economist’s administration, more than 2,400 industrial companies have closed and 73,000 manufacturing jobs have been lost, according to official data — 5% of the country’s total industrial companies. FateDuring the interview, Milei referred to the closure of tire manufacturer Fate, which will leave 920 people out of work.

Source: Bueno Aires Herald March 09, 2026 20:30 UTC