The presentation was given by Andrés Pérez, Chief of Advisers and Coordinator of International Finance at the Finance Ministry.

More than 300 people connected to our webinar “Economic Situation in Chile: Performance and Outlook” in a new session of the #InvestChileTalks series of events for foreign investors in Chile and companies in general.

The webinar analyzed the current context of the Covid-19 pandemic, the response of economic policy, the current performance of the Chilean economy and its outlook and the impact on public finances.

The presentation was given by Andrés Pérez, Chief of Advisers and Coordinator of International Finance at the Finance Ministry, while the acting director of InvestChile, Juan Araya, opened the session. Araya pointed out that foreign investment will play a key role in the economy’s post-pandemic reactivation, emphasizing that the Agency’s portfolio already exceeds US$17,000 million in investment projects at different stages of materialization. “We hope it will continue growing” once the pandemic is over, he added.

In his presentation, Pérez spoke about the impact that the health emergency is expected to have on the global economy this year when activity in Chile will show an estimated 6.5% drop. “In Peru, there is talk of a double-digit contraction and, in France and Spain, of around 12%, while we [are talking about] 6.5%, reflecting the resilience of different sectors and fiscal policy,” he said.

The recovery would come in 2021, with an expected 5.5% expansion of activity in Chile, in which investment would play an important role since it would act as a “powerful catalyst”. “It is essential to return to growth as the focus of the agenda for the economy to grow again and create jobs in a robust way and sustain household income. In the measures focused on foreign investment, we will be supported by the work of InvestChile,” said Pérez.

To see video and presentations, click here.