Chile in Times of Pandemic

Daniela Ramirez

A chapter in Emerging Markets from IntechOpen

Abstract: This chapter provides an overview of the economic impact in Chile caused by Covid -19, the evolution of the Chilean economy in a compact and direct view. The restrictions imposed on consumption and production, as well as the decline of private investment are be the main obstacles that will keep the country from growing, exacerbated by the consequences on labor activity; on the other hand, the increase in public spending helps to counteract these effects, but only to a certain extent. We will consider a brief look at the political situation in the country, since the Chilean economy was in a vulnerable position at the time of receiving the pandemic with an economic contraction of 4.1% in the last quarter of 2019, as the result of the social crisis triggered in October of the mentioned year. The following aspects will be developed which include quantitative information about; Chilean economic situation, making reference and taking comparative parameters to the foreign sector, public sector, fiscal policy and monetary policy. Economic prospects and political situation.

Keywords: economic impact; social crisis; pandemic; uncertainty; politic (search for similar items in EconPapers)
JEL-codes: O10 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ito:pchaps:219906

DOI: 10.5772/intechopen.96648

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