Chile’s economic activity plummeted 3.5% in March

Chile’s economic activity dropped 3.5% in March from a year earlier, said the Central Bank. The bank’s IMACEC economic activity index declined 5.7% compared with the previous month, as the country went into an economic and social shutdown after the arrival in Chile of the Coronavirus. Finance Minister Ignacio Briones said in a statement the figures were as expected but the crisis was “transitory.”

Source: Reuters