Chilean Industrial Output Fell 0.8 Percent in October (Update2)

By Nathan Gill      Nov. 28 (Bloomberg) — Chilean industrial production unexpectedly fell and industrial sales had their second-biggest decline of the year in October as the global financial crisis slowed economic growth.      Output dropped 0.8 percent last month from October 2007, the National Statistics Institute said today, compared with a revised 3.6 percent… Read More Chilean Industrial Output Fell 0.8 Percent in October (Update2)

Peru’s Economy Expanded 9.5 Percent in Third Quarter (Update1)

By Nathan Gill      Nov. 28 (Bloomberg) — Peru’s economy expanded more than economists expected in the third quarter, led by construction and investment in heavy machinery and equipment.      Gross domestic product, the broadest measure of a country’s output in goods and services, grew 9.5 percent in the third quarter from the same period… Read More Peru’s Economy Expanded 9.5 Percent in Third Quarter (Update1)

Chile Announces New Credits for Salmon Producers

By Nathan Gill      Nov. 27 (Bloomberg) — Chile will offer credit lines of up $8 million for producers of salmon affected by an outbreak of infectious anemia in the country’s south, President Michelle Bachelet said today.      Chile will grant credit lines of up to $8 million for sanitary and environmental investment projects, for… Read More Chile Announces New Credits for Salmon Producers

Chile’s Top Goal Is to Control Financial Crisis, President Bachelet Says

By Nathan Gill      Nov. 27 (Bloomberg) — Chile’s President Michelle Bachelet said that the country’s economy is prepared to face the global financial crisis and will grow within the expected range in 2009.      The government’s top priority in the next 15 months will be to control the fallout from the global financial crisis,… Read More Chile’s Top Goal Is to Control Financial Crisis, President Bachelet Says

Chile Steelmaker Cap Says Demand May Strengthen by Mid-2009

By Nathan Gill and Heather Walsh      Nov. 27 (Bloomberg) — Cap SA, Chile’s largest steelmaker, said demand for steel will begin to rise by the middle of next year after slumping because of a global economic recession.      Cap had expected a faster rebound, Chairman Roberto De Andraca said today in a speech in… Read More Chile Steelmaker Cap Says Demand May Strengthen by Mid-2009

Velasco Expects Wider Chile Current Account Deficit (Update1)

By Nathan Gill      Nov. 27 (Bloomberg) — Chile’s Finance Minister Andres Velasco said the government now projects that the country’s current account deficit will widen next year, due in part to government efforts to stoke economic growth.      The government will use “strong” counter-cyclical monetary policy, including increasing the current account deficit, to help… Read More Velasco Expects Wider Chile Current Account Deficit (Update1)

Chile’s Congress Approves 2009 Budget With Surplus (Update1)

By Nathan Gill      Nov. 25 (Bloomberg) — Chile’s congress approved a $5.6 billion budget for next year that will increase spending on infrastructure and boost housing subsidies to help stimulate the economy during a global recession.      Government outlays will increase 5.7 percent, led by social services and pensions, which account for 69 percent… Read More Chile’s Congress Approves 2009 Budget With Surplus (Update1)