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Man Who Has to Pull Chile Out of Recession Says It’s a Short-Term Blip

Summary by Bloomberg
Chile Finance Minister Jorge Quiroz conceded for the first time that the economy is in a recession, while stressing activity will rebound quickly.

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Lean Right

In conversation with Bloomberg, Finance Minister Jorge Quiroz addressed the situation of the country's economy, Codelco's future and his stance on the possibility of a rise in the Monetary Policy Rate (MPR).

·Las Condes, Chile
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Lean Right

The finance minister, Jorge Quiroz, acknowledged for the first time that Chile is going through a recession, pointing back to the...

·Concepción, Chile
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According to the site Here and Now, the Minister of Finance, Jorge Quiroz, acknowledged this Wednesday that Chile is going through a technical recession, mainly attributed to the sharp drop in copper production. The Secretary of State assured that the economic contraction will be transitory and projected a recovery of growth close to 3% by 2027. [...]

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The Minister of Finance, Jorge Quiroz, acknowledged the contraction of the Chilean economy and attributed some of the weakness to the fall in copper production. However, he hopes that the promarket reforms will boost the recovery.

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  • 67% of the sources lean Right
67% Right

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CNN Chile broke the news on Wednesday, November 11, 2026.
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