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Latin American Economy & Business - January 2018 (ISSN 1741-7430)

Chile: Moderate market-friendly reform under Piñera?

Chile’s political pendulum has swung back to the right again. Sebastían Piñera won the second round of the country’s presidential election on 17 December, defeating centre-left candidate Alejandro Guiller by 54.57% to 45.43%, a better margin than had been expected. The way is now clear for Piñera, who takes office on 11 March, to push for the market friendly reforms he has promise to deliver economic recovery (Piñera says his aim is to double the annual GDP growth rate from 2% to 4% during his term in office). But as he lacks a congressional majority, his approach is likely to be quite cautious.

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