Economy in Chile

  • Chile presidential candidate Pinera would modify pension system

    CHILE, 2017/08/03 Chilean presidential candidate Sebastian Pinera said on Wednesday that the national would increase its support of poorer pensioners if he were elected, but he stopped short of the additional radical reform proposed by incumbent President Michelle Bachelet. Conservative hopeful Pinera led Chile between 2010 and 2014 and is the favorite to win the November vote or the likely second round run-off in December.
  • Global growth will be disappointing in 2016: IMF's Lagarde

    AFGHANISTAN, 2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
  • APEC economies growth slows to 3.1 pct in Q2

    BRUNEI , 2015/11/18 Increase among the 21 Asia-Pacific Economic Cooperation (APEC) economies softened to 3.1 % in the second quarter of 2015, down from 3.2 % in the initial quarter and 3.4 % a year ago, according to an APEC economic analysis released on Tuesday. The statement said the increase slowdown reflected the prolonged weakness in world economic activity as the modest recovery in advanced economies was matched by a general slowdown in emerging market economies. The moderation in GDP levels could be attributed to declining investments and lacklustre exports, according to the statement. "Economies across the Asia-Pacific continue to grow but find themselves in a holding pattern of lower increase in the absence of high trade volumes," said Alan Bollard, Executive Director of the APEC Secretariat.
  • Revised IMF forecasts signal gloom on global economic outlook

    AFGHANISTAN, 2015/01/20 Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
  • The Community of Latinamerican and Caribbean states summit

    CHILE, 2013/01/28 “Paraguay has decided that given the situation it is undergoing, it has preferred to remain away from Santiago”, informed Chilean Foreign minister (and host) Alfredo Moreno in the framework of the European Union and the Community of Latinamerican and Caribbean states summit taking place over the weekend in Santiago.
  • EU ambassador in Chile, Rafael Dochao Moreno.

    EUROPEAN UNION, 2013/01/05 Although the EU/Mercosur agreement is not expected to be finalized at the 26/27 January summit, “it will be a luck to discuss the points that are currently blocking the agreement on free trade”, said the ambassador. The 27 members of the EU and from Mercosur resumed free trade negotiations in May 2010 following years in which talks were stalled because of EU criticisms to Mercosur tariffs on manufactured goods and services, while the South American block complained about European farm protectionism and subsidies.
  • CHILE. Rising towards the new global order

    CHILE, 2012/12/13 This increase, a 5.9 % rise in gross domestic product (GDP) last year, did not come without persistent hard work over a decade of good economic management and continued political leadership within the South American country. Chilean President Sebastián Piñera is currently focusing his economic schedule on boosting competitiveness and productivity inclunding implementing social initiatives to combat poverty. He is striving for continued reform in healthcare, education and the labour market.
  • Study in Chile: high quality & low price

    CHILE, 2011/07/19 In recent years, Chile has become an important destination for students from around the world who want to continue or further their education in a Spanish-speaking country. The country welcomed over 10,000 foreign students in 2008.
  • Multilatinas Extend Reach Into Developed Markets 2011-06-23

    ARGENTINA, 2011/06/23 According to a May statement by the United Nations Economic Commission on Latin America and the Caribbean (ECLAC), outgoing FDI from the region quadrupled to $43.1 billion, highlighting the growing strength and world presence of Latin America–based multinational companies, known as “Multilatinas.”
  • Chile and the financial crisis

    CHILE, 2011/02/07 With the reconstruction effort in the central areas of the country most affected by the disaster set to dominate the political and economic schedule for the time being, we examine the extent of the tremor's effect on Chile's economic prospects over the medium term.