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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Re: The Economic Impact of the Social Crisis

Post by admin » Thu Feb 06, 2020 7:44 am

here is the English bloomberg version of that article:

https://www.bloomberg.com/amp/news/arti ... er-cargoes
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Re: The Economic Impact of the Social Crisis

Post by admin » Thu Feb 06, 2020 11:45 am

seems the chilean government is denying that there has been any such request from china now.
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Re: The Economic Impact of the Social Crisis

Post by admin » Thu Feb 06, 2020 1:17 pm

so 11% of supermarkets in the Santiago area still closed, most permanently.

article with interactive map:

https://www.emol.com/noticias/Economia/ ... tiago.html

probably explains why the chains are investing in expanding super markets down south and outside Santiago.
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Re: The Economic Impact of the Social Crisis

Post by eeuunikkeiexpat » Thu Feb 06, 2020 1:35 pm

I've noticed our Lider is always literally full of stock. I have visited two to three times during the week for the past weeks and the aisles are always chocked with employees wheeling out and shelving product.
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Re: The Economic Impact of the Social Crisis

Post by Britkid » Thu Feb 06, 2020 5:23 pm

Thanks for your comments. I am trying to decide whether to increase the food budget this year. That should help.

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Re: The Economic Impact of the Social Crisis

Post by Donnybrook » Thu Feb 06, 2020 5:25 pm

Since October saw the destruction of so many supermarkets, the ones in Las Condes and Vitacura are much more packed than usual on weekends. They are always crowded on weekends but got at least 30% more visitors. They cleared the area by the entrance points and set up positive mountains of the basics: oil, sugar, flour, milk, water etc. This calmed everyone down as they saw they could get what they wanted. There was no limit on how much of something you could buy, which also had a psychological effect in calming the nerves. The ones in malls did close for some days when the malls closed but there are a lot of supermarkets not in malls.

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Re: The Economic Impact of the Social Crisis

Post by 41southchile » Thu Feb 06, 2020 6:29 pm

What about all the food Chile cant export to China? , that should keep prices of some things down, fruits etc coming onto the domestic market.
“Facts do not cease to exist because they are ignored.”

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Re: The Economic Impact of the Social Crisis

Post by 41southchile » Fri Feb 07, 2020 11:59 am

“Facts do not cease to exist because they are ignored.”

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Re: The Economic Impact of the Social Crisis

Post by admin » Fri Feb 07, 2020 7:17 pm

well it seems direct investment is still way up in 2019.

https://www.emol.com/noticias/Economia/ ... -2019.html
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Re: The Economic Impact of the Social Crisis

Post by tiagoabner » Sun Feb 09, 2020 10:03 am

Reports show that rent prices in crisis zones are up to 12% lower:

https://m.cooperativa.cl/noticias/site/ ... 04245.html

I believe that this number is actually higher on ground zero locations. Chileans are very resistant to lowering rent prices, so this speaks a lot about current demand for those zones.
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Re: The Economic Impact of the Social Crisis

Post by fraggle092 » Sun Feb 09, 2020 12:23 pm

admin wrote:
Wed Feb 05, 2020 10:27 pm
the one I am waiting to see is if the hordes arrive in February.
Hordes did suddenly arrive in La Serena from last Thursday onwards. No accommodation available at all on the internet, mega tacos everywhere. More than usual reports of apartment rental scams. This Sunday morning, departing in droves.
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Re: The Economic Impact of the Social Crisis

Post by 41southchile » Mon Feb 10, 2020 2:00 pm

fraggle092 wrote:
Sun Feb 09, 2020 12:23 pm
admin wrote:
Wed Feb 05, 2020 10:27 pm
the one I am waiting to see is if the hordes arrive in February.
Hordes did suddenly arrive in La Serena from last Thursday onwards. No accommodation available at all on the internet, mega tacos everywhere. More than usual reports of apartment rental scams. This Sunday morning, departing in droves.
Hordes have arrived in Puerto Varas too, just as busy as any normal February .
“Facts do not cease to exist because they are ignored.”

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