Argentina recorded the world’s second-worst industrial decline from 2023 to 2025, said a consulting firm that analyzed data from the United Nations.

In the last two years, Argentina’s manufacturing sector fell by 7.9%, surpassed only by Hungary, which fell by 8.2%, said the consultancy Audemus, founded by former Minister of Productive Development Matías Kulfas.

Audeumus analyzed data from 56 out of the 81 countries surveyed by the United Nations Industrial Development Organization.

The report said that while in Europe the causes for the crisis are partly exogenous — “the energy shock, Chinese competition in the automotive sector, and trade tensions with the United States” —, the manufacturing situation in Argentina “is a response to domestic economic policy decisions.”

“The global or regional context cannot explain Argentina’s industrial decline,” the report added.

“The crisis is........

© Buenos Aires Herald