The Chile Economy, Social Crisis and Virus Impact

National Crisis, Emergencies, and Natural Disasters in Chile; including the experiences of Chile Forum Members have shared in current and in past crisis, as they have assisted each other and Chile. Things will always go wrong. It is how you deal with it that counts, and that starts with information. When things go wrong, this is the place to come to exchange information about what is going on in Chile.
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admin
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Re: The Economic Impact of the Social Crisis

Post by admin » Mon Feb 10, 2020 2:18 pm

yea, the terrorist / tourist have arrived. Took me 15 mins to cross frutillar bajo, at 9:30 at night last night, to get to the store. January was strangely slow in town.

Now, does that translate in to local tourism money? Not so sure. Masses of day trip beach goers, eating sandwiches.
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Re: The Economic Impact of the Social Crisis

Post by admin » Tue Feb 11, 2020 8:03 am

sales of new cars down 12% over same period 2018

https://www.latercera.com/pulso/noticia ... s/1005533/

That 12% number seems to be pretty reliably showing in most economic stats; but I still think it is too early to tell. first quarter, post summer vacation will be the real indicator. That is when everyone starts making plans for the next year, and when the b.s. related to the constitution will really ramp up.

The sales of new cars are probably the best indicator in Chile. even people that can afford it, tend to hold off a little longer on buying a new car; or, they buy something just a little cheaper.

chevy, kia, Suzuki were the brands most sold. they are also tend to be the cheapest on the market.
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Re: The Economic Impact of the Social Crisis

Post by admin » Tue Feb 11, 2020 3:35 pm

made it to puerto varas for the first time in months; well at least with some time to kill. typically kind of blow in to town and out for a very specific purpose.

it is busy, but not like high season, half of Santiago is here, slammed. lots of small stores and shops are gone. guess they did not survive the crunch. replaced with a lot of national and international chains kind of selling the same crap they sell everywhere, at highper inflated prices.
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Re: The Economic Impact of the Social Crisis

Post by tiagoabner » Wed Feb 12, 2020 9:32 am

There's going to be another car auction at Macal today. I'm keeping an eye on this one to compare it to next month's after most Chileans are done with their vacations.
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Re: The Economic Impact of the Social Crisis

Post by 41southchile » Mon Feb 17, 2020 9:32 pm

So heard on the local news at lunchtime that tourist related businesses are very happy in the South with how February is tracking and were commenting that while January wasn't exceptional it was far from a disaster like was forecast back in November and December and it was certainly up on January 2019. February if it carries on like it is, will be a very good month and makes up for the poor February 2019 the guy said, with good cabaña and hotel occupancy rates in Puerto Montt, Puerto Varas and Chiloe.
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Re: The Economic Impact of the Social Crisis

Post by admin » Tue Feb 18, 2020 6:51 am

I was out at the puerto montt airport to pickup my wife and niece yesterday. It was pretty full. I have seen it with more people, but respectable showing. we are also smack in the middle of the season. end of the month would be the real indicator as everyone starts heading back.
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Re: The Economic Impact of the Social Crisis

Post by admin » Tue Feb 18, 2020 8:05 am

well this does not sound great, but not that bad either.

https://www.df.cl/noticias/economia-y-p ... 11216.html

still, I want to put a pin that untill we see how the little wankers act up in march when everyone gets back from vacation and all the crap starts up again.
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Re: The Economic Impact of the Social Crisis

Post by admin » Tue Feb 18, 2020 8:29 am

however i wonder if they are going to to connect the dots between starting almost 800 schools early this year, and an abbreviated tourism season in the south.

https://www.emol.com/noticias/Nacional/ ... ro-RM.html
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Re: The Economic Impact of the Social Crisis

Post by admin » Tue Feb 18, 2020 8:40 am

69% of the buisness in the central Santiago ground zero are still closed.

https://www.emol.com/noticias/Economia/ ... -cero.html

enjoy your ghetto wankers. Your going to find out what real inequality looks like.

Do you really think the money is going to ever flow back in to those areas and rebuild?

hell no. no one is going to risk it. insurance companies will crank up their rates. banks will make it harder and more expensive to get loans there. customers will not go down there, even if it safe, simply because it is a hassle.

And I would not be surprised to see more companies move their operations further out of Santiago and the major cities, forcing the poor to have to commute longer and more expensive distances to make a living.
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Re: The Economic Impact of the Social Crisis

Post by 41southchile » Tue Feb 18, 2020 10:32 am

admin wrote:
Tue Feb 18, 2020 8:05 am
well this does not sound great, but not that bad either.

https://www.df.cl/noticias/economia-y-p ... 11216.html

still, I want to put a pin that untill we see how the little wankers act up in march when everyone gets back from vacation and all the crap starts up again.
Coronavirus is going to screw the economy more than that, don't be surprised to see a recision in Chile this year with at least a couple of quarters of negative growth.
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Re: The Economic Impact of the Social Crisis

Post by admin » Tue Feb 18, 2020 5:48 pm

wall mart reported 110 million in damages

https://www.df.cl/noticias/empresas/ret ... 90716.html
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Re: The Economic Impact of the Social Crisis

Post by fraggle092 » Fri Feb 21, 2020 10:07 am

USD=CLP 810

Good short-term news for those living on imported money, for Chileans not so good.
In the past energy costs were automatically hoiked up at every tiny increase in the exchange rate; recently haven't seen this. Maybe the government is telling the suppliers to suck up the difference?

Apparently deposits in UF aren't available any more, a pointer to future financial uncertainty.
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