Chile: Falling Economy

Peso Chileno
Read Time:40 Seconds

The bank has reported that the Monthly Index of Economic Activity (Imacec) fell 14.1% evaluating it with the same month in 2019.

The poor results are mainly in the commerce and service sectors, followed by construction and industry.

Currently the South American country is managed under a state of exception where there is a night curfew as well. Universities, colleges and borders remain closed and most of the businesses join this.

If we consider that Chile ended last year with a series of protests that resulted in looting, fires, violence and even destruction of public furniture, we could infer that the impact of the pandemic will be greater.

The Central Bank estimates that Chilean GDP will contract up to 2.5% this year due to the coronavirus.

Source: Infobae – EFE

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
12530cookie-checkChile: Falling Economy