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Economy & Business - March 2005

CHILE: Copper boom

The statistics look good, though there is, worryingly for the government, little sign of a feel-good factor, especially in employment. The unemployment rate seems stuck at 7.5%, which is high for an economy at the height of a copper boom. Copper, which provides the country with 40% of its export revenues, hit a record US$1.50 a pound in mid March.

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