Political Turmoil Shocks Chilean Economic Outlook

The Central Bank carries out a historic intervention to mitigate the slump in the peso, and the Treasury does not rule out a recession in the short term.

RIO DE JANEIRO, BRAZIL - Losses not yet quantified due to breakdowns; a sharp reduction in commercial activity and employment; small and medium-sized companies in trouble. And uncertainty, a lot of uncertainty.

For decades the case study prodigy of Latin American economies, in less than a month and a half Chile has become a great hardship for those who are willing to seek the economic horizon of a region that is not going through its best moment.

The protests, which began in mid-October, and the still faltering political negotiation to try restoring public order and devise measures to reverse . . .

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