Chile’s economy March 05, 2008

SANTIAGO. - The country’s economic activity has started off 2008 with results far below market expectations.
The Central Bank has reported that the Monthly Economic Activity Indicator (Imacec) increased by only 3.4% in January when compared to the same month during the previous year.
The market had been projecting economic growth at between 4.2% and 4.5% for the first month of the year, which was supposed to have drawn support from internal consumption, despite weak performance in the industrial and mining sectors.
The monthly figure influenced a drop in the added value of electricity generation and mining activities.
Source: El Mercurio Online

I think Chile will not have good growing according to the all indicators. We are having a bad energetic scene . Also the government is having serious problems with the corruptions mainly in the education minister
I think this government has not been good, Ex we have not seen good result against crime
We still have depending energetic, because we don’t have petrol either gas natural also we don’t have nuclear plant.
It is necessary to recognize the effort that the CORFO have done to archive news project for electric generation using renewable energy. I’m going to write a new note about that.
If you see the worker’s salary is really bad. In Chile, the parliament only have approved increase their own salary but they have not tried to increase the minimum salary. On senator average earn about 6 million Chilean pesos and the minimum salary is about 150.000 Chilean pesos
Source: FRM