March 7, 2018
Before Chile’s President Sebastián Piñera took office on March 11, he promised to get things back on track, harkening back to a strong economy during his previous term from 2010 and 2014. Now, after four years of falling investment, South America’s most successful economy of the last two decades could be about to make sparks again.
Global economic conditions are on Piñera’s side. The price of copper, Chile’s main export, has risen roughly 50% in the past 18 months. That, combined with the new administration’s plans to reduce regulations and simplify the corporate tax code, has lifted business confidence into positive territory for the first time in four years.
The Santiago stock exchange has
Rising copper prices and the arrival of a new pro-business administration are lifting hopes of a sharp recovery in investment in Chile. By Tom Azzopardi