Chile: Economic activity expanded 4.1% in second quarter 2013
CHILE · In Brief · 19 Aug 2013

The Chilean economy grew 4.1percent yoy in the second quarter of 2012. Internal demand increased 4.5 percent yoy during the same quarter. This growth was led by private consumption, which grew at a solid 7.0 percent yoy, slightly above the 6.8 percent increase in the first quarter of 2013. The cu...

Election Dynamics Pick Up
CHILE · Report · 19 Aug 2013

It has been an election season full of surprises. First former Mining Minister Laurence withdrew as candidate of the conservative UDI party, to be replaced by veteran former senator and Economy Minister Pablo Longueira. Then in July Longueira unexpectedly withdrew, citing a severe depression, lea...

Problems with the 2012 census confirmed
CHILE · In Brief · 08 Aug 2013

  The National Statistics Institute (INE) received yesterday the report with the evaluation of the 2012 census by a committee of independent experts. This committee was created after a journalistic investigation center revealed errors and inconsistencies in the 2012 census (now being investigated...

Chilean Primaries
CHILE · Report · 01 Jul 2013

Chile’s first presidential primaries are over. For the first time in Chilean political history, presidential candidates from the two main coalitions were elected in a legally framed primary. In the center-left coalition, “Nueva Mayoria” (New Majority), former Chilean President Michelle Bachelet (...

Methodological concerns on inflation calculation
CHILE · In Brief · 22 Apr 2013

Some days ago, a local bank’s report raised some doubts regarding the way in which the prices of some goods have being collected by the National Office of Statistics (INE). In particular, the report indicated that the evolution of some prices has been underestimated due to methodological failures...

Chile: Bill that reduces stamp and duty tax to be sent to Congress
CHILE · In Brief · 26 Mar 2013 · 2 responses

Minister of Finance of Chile Felipe Larrain announced today that the Executive will send a bill to Congress that reduce the stamp and duty tax on credit from 0.4% to 0.2%. The reduction in this tax (imposed on loans) is likely to generate more fears of overheating of the Chilean economy. Moreover...

Chilean government announcements
CHILE · In Brief · 11 Mar 2013

President Sebastian Piñera announced yesterday that he will send a bill to Congress that gives a one-time special bonus to low and middle-income families. The bonus would benefit more than 2 million families (300,000 more families than those considered in the bonus implemented to face the global ...