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Despite overall slowing down in Chile, Magallanes region continues to grow

Saturday, August 23rd 2014 - 07:14 UTC
Full article 5 comments

Although overall Chile is undergoing a period of economic deceleration, which the government is trying to address with lower rates and full execution of public works investments, the Magallanes region in the extreme south of the country was among those with the best performance in the second quarter having expanded a healthy 2.8%. Read full article

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  • Briton

    region continues to grow,,
    and why not, its nice to grow,

    unlike some south American countries we can name..lol

    Aug 23rd, 2014 - 06:15 pm - Link - Report abuse 0
  • Sergio Vega

    Yes, but the Región and the country would have a bigger vgrowth if the present leftist Gvt. were from center right side as it was the 4 years before.....

    Too many changes and all at the same time in a world crisis condition is not a good way to grow....Bunetter is to reorganize and reinforce the actual status giving cionfidence to the investors which are by now avoiding to go on in a planned new projects or to develope the existing because the changes to come and the bad marketing against the companies and enterpreuners from Gvt. and it deep leftist supporting alliance speakers.....
    Meanwhile, investiment is going to our northen neighbor Peru from foreign and Chilean investors....where the investing conditions are very very better that here....
    Poor Chilito.....we are R.I.P.....by now.....!!!
    Despite we have just only 5 month in those dangerous hands......what we can expect next years....???.......more poverty, unemployement, decrease, civil unrest, worse educaticon, health and housing, etc. etc., the contrary to the last 4 years with the previous president......

    Aug 23rd, 2014 - 06:49 pm - Link - Report abuse 0
  • The Chilean perspective

    The new leftist government is trying to create a diet version of the Argentine model in Chile and is scaring the pants off investors. Ms Bachelet took over 8 months ago and growth has gone from a healthy 4.7% in the third quarter of 2013 to a devastatingly poor performance of only .8% last quarter, way below any market expectations. Unemployment has shot up in Santiago from 5.2% to 6.6% in eight months and crucially the construction sector has experienced the worst effects with their rate up to 10.7%.
    The economic dimwits at the helm expected their stupid, ill conceived, back of a napkin tax reform package to reap in 8 billion in additional revenue. They were then to inject the loot into tertiary education and the remainder into nationalizing the private schools. This has now turned into SH@T. The economic contraction, capital flight to Peru and Colombia and the fact that investment has come to screeching halt will mean that the 8 billion she was going to reap has simply vanished. In contrast, our economy generated an additional 12 billion of government revenue last year as it grew 4.1%. There are dark clouds in the sky for us, as next quarter will bring negative growth and severe pressure on the budget and the peso.
    One last thing.... since taking over, the leftist government officials have taken special care of their relatives giving them over 50% of the high paid staff jobs.

    Aug 23rd, 2014 - 10:08 pm - Link - Report abuse 0
  • bushpilot

    Leftists trash an economy, now no one has a job. That is not a bad thing, that is a good thing.

    Lefties use this to buy votes and get job security for themselves.

    Lefties need uneducated thinkers to vote for them, so if education falls apart, that is good for them.

    Ruining things is what perpetuates job security for leftists. Leftists just ruin.

    Aug 25th, 2014 - 03:46 am - Link - Report abuse 0
  • ManRod

    most of my countrymen are so naive: so many believed this leftist bullshit, even by Chilean history the should know they are being told fairy tales. And now... only few months after takeover of Mami she has run the economy against the wall in a record time ! Still those voters try to deny it and close their eyes, the first ones already talking about conspiracy from the baaaaaad investors. This is lpain soooo silly.

    Now I understand Think's malicious intentions, when he hoped Mami would take over. He simply hates us...

    Aug 26th, 2014 - 12:06 pm - Link - Report abuse 0

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