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LatinNews Daily - 13 August 2019

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In brief: Chile sees limited damage from Argentine developments

* Chile’s Finance Minister Felipe Larraín has said that the plunge in Argentina’s stock market and peso following the surprise results from party primary elections which gave a major victory to the Frente de Todos opposition presidential ticket led by Alberto Fernández will impact the Chilean economy, but the impact will be limited and felt mainly by a few Chilean companies which operate in Argentina. The surprise primary outcome sent the S&P Merval index plunging 48% in US dollar terms. Chile’s President Sebastián Piñera pointed out that “the Chilean and Argentine economies are in very different situations”. Argentina is in a recession while Chile is growing.