According to a Economic Expectations Survey (EEA) prepared by the Central Bank, Chile's GDP is expected to increase by 5% this year. This is higher than the 4.7% estimated in December. Meanwhile, by 2022, experts predict an increase of 3.2%, higher than the 3% indicated in December's survey. The Central Bank is expected to maintain the Monetary Policy Rate (MPR) at its technical minimum (0.5%) for the next 17 months. Then the MPR will be raised to 0.75% and then 23% to 1.25%.
Day: January 13, 2021
Air traffic dropped by 64% in 2020 and records the lowest number of passengers since 2007
The 2020 annual air traffic balance prepared by the Civil Aviation Board (JAC) revealed that 9.4 million people travelled on domestic and international routes, 64% less than in 2019, and the lowest number of passengers since 2007.
COVID-19: Productivity in Chile fell by 0.7% in 2020, while sales were down by 18%
Total Factor Productivity (TFP) in Chile fell by 0.7%, according to a study by the National Productivity Commission (CNP). The report also warns that the pandemic caused a drop in sales of around 18% compared to March - when covid-19 arrived in Chile.
Carsol expects a positive blueberry season, with 21.9% of the fields in Chile
General manager of CarSol Fruit SA, Álvaro Prieto, is expecting a positive blueberry season. The blueberry harvest in Ñuble began in December and will run through March. There are 4.023 hectares in the region, which represents 21.9% of the national total. According to Prieto, Asia is the market with the greatest growth potential for Chile.
Employees from the Enel Generacion Electricity Company go on strike
Employees from the Enel Generacion Electricity Company went on strike to reject what they consider to be an inadequate proposal by the company. Mauricio Ramirez, president of the Enel Generacion Union, said that 96.7% of participants in the assembly decided to go on strike.
