The CGT strike will cost the country's economy 194 million dollars

The violent general strike by the General Confederation of Labor (CGT) called for April 10, 2025, will have a strong economic impact in Argentina, harming millions of workers.

According to a preliminary estimate prepared by the Institute of Economics of the Argentine University of Business (UADE), the strike will entail a cost of $208.497 billion, which is equivalent to about $194 million. This figure represents approximately 0.3% of the Gross Domestic Product (GDP) for the month of April and 6.4% of the production that would have been caused on a normal day of economic activity.

The report emphasizes that the effect of the strike will not be uniform across all sectors or regions of the country. Among the goods-producing sectors, the manufacturing industry will be the most affected, with an estimated loss of $18.113 billion.

Added to this are losses in mining and quarrying amounting to $7.089 billion, and in construction amounting to $7.180 billion. Altogether, the sectors linked to goods production will suffer a drop of $32.381 billion, which represents 5% of their daily product.

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The blow will be even stronger in the sectors linked to services. The private study estimates that this set of activities will cease to produce $140.369 billion, which is equivalent to 6.5% of their daily generation and 3.5% of the monthly GDP of that segment.

The greatest impact will occur in the area of education, health, and social services, where losses will reach $99.364 billion. Retail and wholesale trade will also be affected, ceasing to bill about $17.294 billion.

Other sectors with significant declines will be net taxes on subsidies ($16.063 billion), transportation, storage, and communications ($8.665 billion), and public administration, which will lose $7.886 billion, among other sectors.

According to the private organization, if buses hadn't operated either, the cost of the CGT strike would have risen to $530 million. "This shows that the existence of at least one line in operation significantly mitigates the economic impact of this type of measure," they stated.