Tag: Chile economy

• Saturday, August 26th 2023 - 19:18 UTC

  Chilean economy in recession: declines in consumption and investments

  

  Chile’s economy has contracted for three consecutive quarters, with significant weakness in household consumption and decline in investments. The last negative figure was reported last week by the Central Bank, showing GDP contracted by -1.1% over the same period between April and June 2023. previous year. 

• Monday, September 5th 2022 - 08:33 UTC

  IMF Approves Two-Year US$18.5 Billion Flexible Credit Line for Chile

  

  The Executive Board of the International Monetary Fund (IMF) has approved a two-year arrangement for Chile under the Flexible Credit Line (FCL) in the amount of SDR 13.954 billion (about US$18.5 billion; 800 percent of quota).

• Tuesday, October 12th 2021 - 23:54 UTC

  Chile's economy to grow 11%, according to IMF report

  

  Chile's economy has been projected to grow 11%, way above the average of 6.3% foreseen for Latin America throughout 2021 by the International Monetary Fund's (IMF) Global Economic Outlook released Tuesday.

• Saturday, January 25th 2020 - 09:22 UTC

  First trail in Chile over eye injuries to protestor by Carabineros firing buckshot

  

  A Chilean police officer appeared in court on Friday in the first instance of prosecutors bringing charges over eye injuries blamed on security forces during Chile's months of unrest.

• Friday, November 29th 2019 - 09:05 UTC

  Social upheaval torn Chile to sell up to US$ 20 billion to support the Peso

  

  Chile's central bank might sell up to US$20 billion in foreign currency interventions starting on Monday in a bid to stabilize the local currency, the monetary authority said in a statement on Thursday after the peso hit a new all-time low.

• Tuesday, November 19th 2019 - 08:34 UTC

  Chile's GDP expands 3.3% in 3Q, but prospects for 4Q are discouraging

  

  Chile's gross domestic product grew 3.3 percent in the third quarter of 2019 compared with a year earlier, the central bank said on Monday. The market had predicted relatively strong growth during the July through September period, citing improving prospects for the country's all-important mining industry.

• Wednesday, November 13th 2019 - 09:49 UTC

  Protests continue in Chile as economy faces “grave consequences” and Peso plunges to a historic low

  

  Chile’s finance minister warned on Tuesday of the “grave consequences” for the nation’s economy of three weeks of often violent unrest after the peso slid 4% to hit a historic low against the dollar. Ignacio Briones said the weakening of the peso was a “sign of worry” that he and his colleagues were watching very carefully.

• Saturday, July 27th 2019 - 10:08 UTC

  Chile faced with the challenge of 740 fragile tailing dams from copper mining

  

  From the sky, the glistening emerald ponds of northern Chile are almost beautiful, but closer to the ground they harbor an ugly and dangerous secret: the reservoirs, filled with toxic waste from the country's mining industry, are ticking time bombs.

• Friday, October 19th 2018 - 11:20 UTC

  Chile: eighth consecutive increase in price of fuel finally draws Piñera's attention

  

  President Sebastián Piñera Thursday ordered his cabinet to seek ways to stop the trend, following the eighth increase in the price of petrol in as many weeks

• Tuesday, January 30th 2018 - 09:12 UTC

  Chile's incoming finance minister pledges the economy will expand 3.5% this year

  

  Chile's economy is likely to grow by 3.5% this year on the back of increased confidence in a new presidential administration and in improving global economy, the future finance minister said in a local newspaper published on Sunday.