Argentina's economy diverges: extractive sectors up, domestic market in recession

Haroldo Montagu, chief economist at consultancy Vectorial, argues Argentina's economy is not moving at two speeds but in opposite directions: extractive sectors are expanding while the domestic market is in recession. He calls for a RIGI (Large Investment Incentive Regime) that generates jobs, implying current incentives favor capital-intensive extractive projects over labor-intensive domestic activity. The claim is an expert opinion, not yet corroborated by hard data, but it highlights a structural imbalance with policy implications.

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