Finance minister sees economic impact of coronavirus as ‘limited’

“At this stage we don’t see a major impact on the Chilean economy. I think the effects of this coronavirus pandemic are still limited,” finance minister, Ignacio Briones told foreign journalists in Santiago. Chilean exporters to China – chief among them fruit growers, paper firms and miners – had reported delays and logistical problems but no interruption in orders, Briones said. Chile sends around 30% of its exports to China and 50% of its copper. This week economists predicted that the coronavirus could alter the 2020 investment outlook for Latin America, with Chile the most significantly hit by weak demand from its main trading partner.

Soucre: Reuters