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A South America Stalwart, Chile, Tries New Revival Tactic

Wall Street Journal Original article ›

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Chile's president Bachelet takes office for the second time in Jan 2014, after serving a term from 2006-2010. Her new administration will boost public spending and spending on education. Corporate tax rates will be increased and personal tax rates lowered. As growth slowed to 4% in 2013 from the 5.8% in prior years, Chile will have to look for new ways to boost growth.

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A South America Stalwart, Chile, Tries New Revival Tactic

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A South America Stalwart, Chile, Tries New Revival Tactic

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Soyabeans from Brazil and Argentina, iron ore from Brazil, copper from Chile, coffee from Columbia, and oil from Ecuador and Venezuela- Latin American exports remain tied to commodities in 2010, especially with the surge in China's growth. The situation remains unchanged from prior decades.

Grouped Articles

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Commodity prices drop on economic woes in Europe, China, U.S. - The Washington Post

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Commodities exports make up about one fifth of output in Peru and Chile. Slowdown in growth in China will affect exports of copper and other metals. Brazil's growth faces additional hurdles with low investment rates, poor infrastructure and other problems. This in turn affects companies ranging from beer producers to other companies depending on sales in the region.

Grouped Articles

Latin America Boom Starts to Fade

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