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LatinNews Daily - 11 February 2020

In brief: Growing economic pessimism in Chile

*A new public opinion poll by local pollster, Cadem, has found that 43% of respondents believe that Chile’s domestic economic situation will worsen in the first half of 2020 compared with only 13% who believe that the situation will improve. This is the highest proportion of people to have expressed a negative view of Chile’s economic outlook in recent years. The pessimism has been attributed to the ruinous impact that the social protests, which erupted in October 2019, has had on the national economy. The Cadem poll also found that 57% of respondents believe that unemployment (which rose 0.3 percentage points to 7% year-on-year in 2019) will rise in the next six months due to the lack of economic activity, with 78% describing the current situation in the labour market as ‘bad or very bad’ and only 15% describing it as ‘good or very good’.

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