Billionaire President Urged to Deliver Economic Recovery in 2019
- Chile’s government tasked with closing gap in unemployment
- Reforms on tax, pensions a challenge with political gridlock
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High expectations often come at a cost. For Chile’s President Sebastian Pinera, the second year in office looks to be riddled with challenges in keeping up with lofty promises of economic revival, passing important tax and pension reforms in a congress where he does not have majority, and unraveling redtape to stoke investment. Not to mention, the risk of the global trade war that would hurt copper prices, the country’s main export, while slowing down China, Chile’s main trading partner.
With the post-election honeymoon just about over, 2019 is the year Pinera must deliver. Below are key issues to look at next year: