Global Economy, recession, depression, or...

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Re: Global Economy, recession, depression, or...

Post by admin » Tue Mar 23, 2021 7:35 pm

Some are upgrading Chile for a 9% growth, from a 6%, as Chile will be set to grow the fastest since 1986 with the high copper price and one of the fastest vaccine roll outs in the World.

https://www.bloomberg.com/news/articles ... uarantines

Not sure I buy 9%, but pretty sure it will be pretty big growth off a 5.8% contraction last year.

The "bonos" they are proposing is the equivalent of 2% of GDP or about $6 billion dollars, and they are saying they can pay for it almost entirely out of the increase income from copper. That is assuming they figure out how to give the money away. :roll:
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