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Tuesday, November 27, 2012

Chile, economic success political failure

President Pinera at the FT
In a time of easing, Chile thinks of tightening.

When central bankers of the world struggle to find way to inject some life in their ailing economies  authorities in Chile try to find way to cool its economy. The economy is expected to grow around 6% this year and 5% in 2013. Chile's debt has the same rating as Japan and South Korea. FDI in 2012 is up 63% compared to last year.

Unemployment stands around 6.5%, the lowest levels since the late 90s.

The list can go on...see this Bloomberg article for details

Government approval rate?  36% See president Pinera's explanation to the Financial times here.

1 comment:

  1. Central Bank did not change the funds rate...

    See article here