FROM THE AUGUST 22, 2014 ISSUE
Will Chile's Economy Continue Losing Steam?
Chile's economy grew a meager 0.8 percent in June, the slowest monthly expansion in more than four years, according to the country's Imacec index. In response, Chilean President Michelle Bachelet said her government has a "contingency plan" to address the weakening economy that includes "a series of safeguards to spur the economy's dynamism" and expects growth to pick up again in 2015 and 2016. What's behind the weakening Chilean economy? Is this a hiccup or does it suggest a more long-term economic cool-down? Does Bachelet's administration have the right plans to reverse the trend?
Manuel Agosin, dean of the School of Economics and Business at the University of Chile: "Chile's economic growth has decelerated for two basic reasons. In the first place, the upswing of ..." MORE
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