Chile's Economy Rebounding in June, Quiroz Tells La Tercera
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8 Articles
Despite the fact that the economy accumulates five consecutive months of contraction and that unemployment reached 9.4% in the March-May quarter of this year, the government insists that there are no signs of a recession.In an interview with La Tercera, Finance Minister Jorge Quiroz said that June will mark a turning point, ... Continue reading "Despite five months of fall and unemployment of 9.4%: Government discards that Chile is in recession"…
Chile's Economy Rebounding in June, Quiroz Tells La Tercera
In a week marked by the fifth Imacec in red and a new rise in unemployment, the finance minister says that last June there was a turning point in the Chilean economy and that that month will already record an increase in activity. He recognizes that the “bencinazo” could have a marginal effect on consumption, and advances the changes that come in the mega-reform.
After President Kast stated that Chile has been experiencing a “structural stagnation” that has been dragging on for more than a decade and that the problem is not transitory, the Finance Minister said that “we have information that shows us that June marked a turning point.”
He said the government seeks to raise economic growth above 2% by encouraging private investment and without increasing the deficit.
The Minister of Finance, Jorge Quiroz, rejected the projections that warned of a structural economic crisis in Chile, despite the fact that economic activity has recorded five consecutive months in negative and the unemployment has stood at 9.4% in the March-May quarter. Quiroz said last month marked a turning point and that the VAT collection data point to a positive Imacec for June. The authority stated with conviction: "I am very optimistic a…
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