Back

LatinNews Daily - 13 August 2019

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.

End of preview - This article contains approximately 106 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.