The unemployment rate reached its highest level in almost two years. According to the National Institute of Statistics, unemployment reached 7.8% in the December-February 2020 period. The figure was 0.4% higher than in the previous period (November-January), when unemployment reached 7.4%.
Adding to what is already a fact in Peru, the pension fund administrator AFP UNO proposed that up to 5% of the funds in Chile could be withdrawn in order to face the crisis caused by the spread of the coronavirus.
IPSA finished Monday's round with a 2.72 percent climb to 3,310 points.Thus, this indicator has shown a rebound in recent days in the midst of an extreme negative month for global markets due to the strong impact of the coronavirus pandemic.
LATAM Airlines Group and its affiliates announced that they will temporarily suspend additional international services until April 30, 2020, due to travel restrictions put in place by national authorities. LATAM Airlines Brazil and LATAM Airlines Group will operate services between Santiago and Sao Paulo. LATAM Airlines Brazil and LATAM Airlines Group will also continue to fly from Sao Paulo to Miami and New York, as well as serve Miami and Los Angeles from Santiago.
President Sebastián Piñera launched the public-private coordination board, a committee that aims to facilitate and carry out coordinated work between the government and businesses to better deal with the consequences of the coronavirus.