Magallanes suffers abrupt drop in economic activity in second quarter

Wednesday, August 26th 2015 - 06:50 UTC

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Magallanes region in the extreme south of Chile suffered an abrupt and unexpected drop in economic activity during the second quarter of this year according to the latest release from the country's stats office, INE. Read full article

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Chicureo
Probably the fall in oil prices and strong dollar has a lot to to with this, but the Bachelet tax reforms, which has depressed the entire investment sector, is the real reason for the downturn.
Aug 26th, 2015 - 01:33 pm - Link - Report abuse 0
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