The national government estimates that the general strike called by the General Confederation of Labor (CGT) could generate an economic loss close to USD 575 million. The estimate was prepared by the Ministry of Economy based on sectoral projections that consider an average level of compliance of between 30% and 50%, depending on the activity.
According to official sources cited by Infobae, the impact could be around USD 575 million, which would make it one of the most expensive strikes of recent years, although proportionally lower than other strikes with a higher level of support.
The role of transportation, key to the economic impact
One of the determining factors will be the participation of public transportation, especially the Automobile Tramway Union (UTA). Government officials warned that the union is under mandatory conciliation, so any possible participation could result in sanctions, including the loss of legal status.
The closest precedent is the strike of April 10, 2015, when the normal circulation of buses cushioned the economic impact, which was estimated at USD 194 million (6.4% of daily GDP). Without transportation, the technical calculations indicated that the loss would have risen to USD 539 million.
