According to The International Monetary Fund (IMF), it projected an increase of 5.5% for the global economy in 2021, higher than anticipated in October. For Latin America, projections increased 4.1%. In 2020, Latin America's economy dropped -7.4%
President Sebastian Piñera has appointed Rodrigo Cerda as Chile's new finance minister. This decision comes after Ignacio Briones stepping down ahead of an anticipated run for the presidency later this year. Rodrigo Cerda will take the reins as Chile’s economy reels from the effects of the COVID-19 pandemic. He will also have to guide congress through a reform of Chile's private pensions system.
In December 2020, the unemployment rate in Greater Santiago was 11.5% which is a decrease compared to September (12.8%), according to a survey published by the Microdata Centre of the Faculty of Economics and Business of the University of Chile. According to the study, the labour market is showing signs of recovery but at a slow pace. However, the unemployment rate is still higher than the average of the last twenty years (9.4%).
The Chilean government has launched a new programme to promote electric mobility in taxi services. The ‘My Electric Taxi Program’ provides co-financing of up to $11,000 to owners of current gasoline-powered taxis to renew their vehicles for purely electric BYD taxis. BYD says that the purchase of the 50 BYD e5 taxis will make it the largest electric taxi fleet in Chile.
Romanian cybersecurity company Cyber Dacians has won a place in one of the most competitive global startup accelerators, Start-Up Chile. Cyber Dacians was chosen from among 840 startups, which competed for 78 places in the programme that will provide them with financing and full support for business development. The company develops an environment for organizations to test the security of their own networks, which is particularly important for critical systems.