[ad_1]
"We have very good news, the growth of the Chilean economy in May exceeded badysts' expectations, on average growth projections were between 4% and 4.2%," said the Minister Finance in a field activity carried out in a construction site located on Avenida Vicuña Mackenna
The authority pointed out that "the Chilean economy is standing", since this good record in May s & D Added to that of April, where Imacec 's growth was 5.9%.
optimism, the Minister has shown caution on the results of the activity in the future. "We do not sing victory, we start to get up, but it's a long-term race (…) In addition, we have clouds in the global economy, a decline in copper prices, interest rates that start to rise in one of the major economies and a trade war that affects the entire world, "warned the authority.
The Minister added that "in the second half, the basics of comparison will be more demanding, so the economy will continue to grow, but" The cumulative growth of the first five months of the year is to 4.7%, so that's good news, we take it with joy, but calmly, without relaxing, "he said. Minister of Finance, who reiterated that "when Chile grows Chileans do better."
Copper Price: "It's a Concern"
When asked about the evolution of the bottom you've known The price Copper, Minister Larrain warned that "this is a concern."
He also stated that he expects the decline in the value of the red metal to be temporary and attributed this situation to the trade war between the two world powers, the United States and the United States. United and China.
"The trade war affects us in three different ways.The first is global economic growth, given the decline in trade.Chile is a globalized economy, inserted in the world market, and quite diversified in the world. The second effect is in the price of commodities, as seen in copper.The third effect is in the financial market, in the stock markets and volatility, "explained the minister.
The authority argued that if this table is added the withdrawal of monetary stimulus in the world's major powers and increases in interest rates in the world's largest economy, the issue is complex.
"We call on the responsibility of the great powers of the world.This does not affect them only when it rains everyone is wet.We understand that there are problems, I have personally discussed this issue with US Treasury Secretary Steve Mnuchin. "Protectionist measures bring retaliation from trading partners who are affected, and this affects third parties," said the minister.
The authority said that this situation is facing two ways at the local level. "First, with measures for growth, pro investment, and rebuilding trust. Investment is starting to take off, and this makes us happy, after four years of decline Secondly, in terms of financial accountability, in more complex periods, the scheduling of our tax accounts is definitely one of the important things we can do to better prepare ourselves for a scenario that might be more unfavorable "said the authority. (d, s, id) {
var js, fjs = d.getElementsByTagName (s) [0];
if (d.getElementById (id)) returns;
js = d.createElement (s); js.id = id;
js.src = "http://connect.facebook.net/es_ES/all.js#xfbml=1&appId=239369016074148";
fjs.parentNode.insertBefore (js, fjs);
} (document, 'script', 'facebook-jssdk'));
[ad_2]
Source link
