The Government measures to combat the economic impact of the Covid-19 crisis totalled $16.8 billion. From that amount, $7.4 billion (about 3.0% of GDP) represent a direct fiscal cost to the Treasury. The remaining $9.4 billion comes in the form of government liquidity guarantees, which could have a fiscal cost if triggered, and advanced tax refunds. The government estimates the fiscal deficit will be near 8.0% of GDP this year, significantly larger than 2019’s 2.8% of GDP.
Day: April 20, 2020
Government issues protocol to get trade going again in Chile
The Chamber of Shopping Centres, the Association of Supermarkets and the National Chamber of Commerce signed the protocol drawn up by the Government to reopen the premises in the midst of the health emergency caused by covid-19. It is a manual of good practices to better safeguard the health of consumers and workers and to collaborate with retailers throughout the country in its operation.
Azelio to assess energy storage projects in Latin America
Azelio has signed a Memorandum of Understanding with the Chilean company Industria Mecánica VOGT S.A. to assess energy storage projects for the mining industry in Latin America. The MoU frameworks a collaboration over a 10 MW capacity of Azelio's energy storage from 2021 until 2024.
Housing rentals fall 75% in the Metropolitan Region due to the effects of COVID-19
A report prepared by the startup Houm, which analysed the housing rentals made both in February and March, showed a 75% drop in demand in the Metropolitan Region, despite the fact that the volume of supply has been maintained.
Downloads of Chilean apps on tourism and cuisine are booming amidst COVID-19
Where social confinement measures have forced many Chileans to stay at home due to COVID-19, mobile applications for tourism and virtual cuisine downloads have skyrocketed. The Chilean Government promotes some of these apps. Between February-April 2020, the following apps have increased downloads: Chile 360 ° by 741%, Chile Mobile Observatory (CMO)'s by 290%, Recipes from Chile's by 631% and Chile Sandwiches by 290%.
