‘Very significant drop’ in Chilean economy expected amid rise in unemployment

Photo by Mildred Caranto/The Santiago Times Staff Ross Brown/The Santiago Times Staff

SANTIAGO – The minister for Economy, Development, and Tourism, Lucas Palacios says he expects a “very significant drop” in Chile’s economy in May as the coronavirus has started to bite the financial system in one of South America’s richest nation.

“The Covid-19 crisis is leading us to a sick tb [ sic ] economy, with job losses, liquidation of companies and decreased family income. We are in the middle of the darkest, longest and coldest night … Only with self-care, work, generosity and unity, we will get ahead,” […]

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