Monday , January 25 2021

Pinera: We will have better times and we will work to make them arrive faster

The president Sebastian Pinera said the data of the Monetary Policy Report presented on Wednesday by the Central Bank, which predicts growth of 4.0% for the current year.

The chairman referred to this question the day he was global stock markets show a general decline after the arrest in Canada of the heirs of Huawei, the telecommunications giant in China.

Despite this volatility in international markets, President Pinera stressed

"To grow strong, returning investment and productivity, rising wages, boosting employment is very good news."

"(That) means that we will have better times, although some think they have to go faster and of course we will work to get them faster and all Chilean households, "the head of state said.

Thus, Pinera guarantees the best rebound time in the investment, which will go up six percent in the coming year, according to the Central Bank forecast.

External risks to the national economy

In this sense, the same president of the issuing body, Mario Marcel, presented this report in Icare, which shows the expectations for better economic data, although he made it clear that everything depends on what is happening with the international economy and the trade war.

"The main risks to these forecasts are in the external sectorThe possibility of a more significant deterioration of the world economy due to more rapid changes in risk perception and in the monetary policy path or in the escalation of the trade conflict, and in the event of these risks, fluctuations in the exchange rate are still latent. and the stabilizing role of monetary policy in Chile will be key to mitigating its impact on our economy, "Marcel said.

At the same time, the administrator of the Quiñenco group, the businessman Andrónico Luksic, when signing an agreement to build a university of the Asian giant in our country, expressed confidence in the investment data provided by the Central Bank on the previous day.

"You have to trust, the central bank says the next year will be a good investment year, I also believe," he said briefly.

Detention of the daughter of the founder of Huawei in Chile, where the stock market fell by 0.45% and there was an increase in the price of the dollar to 676 pesos.

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