Germany's leading economic analysis institutes predict that Europe's largest economy will fall by 4.2% this year due to the effects of the coronavirus, although by 2021 it will rebound by 5.8%.
Day: April 7, 2020
Chile recorded a surplus of US$1.2 billion in March, imports plunge
The Chilean economy closed March with a $1.2 billion trade surplus. In the third month of the year, and amid complications from the effects of the Coronavirus, exports reached $5.69 billion, a 6.51% drop in twelve months. Imports, meanwhile, reached $4.45 billion, a fall of 19.44% over the same month in 2019.
Latin American airlines to lose US$15 billion due to COVID-19
Latin American and Caribbean airlines will see their revenues fall by at least $15 billion this year because of the COVID-19 pandemic, and require massive financial support from governments to stay afloat during the crisis and to cope with the "complicated" start of operations once the crisis is over.
Starbucks suspends workers in more than 120 outlets in Chile due to Coronavirus
The Starbucks franchise in Chile suspended labor contracts at more than 120 outlets in Chile to safeguard the health of its workers during the crisis situation. According to local media and a union, the suspension is likely to affect 1,600 people, representing almost 90% of the franchise's Chile workforce.
Due to drought 50l water supply for people in central Chile depends on tankers
Historically low river flows and reservoirs running dry due to drought, have left people in central Chile particularly vulnerable. There are now 400,000 families, nearly 1.5 million people approximately, whose supply of 50 litres of water a day depends on tankers.
