Bachelet: Chile will be one of the countries to recover fastest from the crisis

Meanwhile, Minister of Finance Andrés Velasco contended that Central Bank forecasts indicate that Chile will come out ahead of its trade partners this year.

14 de Mayo de 2009 | 12:59 | Economía y Negocios

SANTIAGO.- President Michelle Bachelet stated this morning that the Chilean economy will be amongst those most capable of rapidly recuperating from the crisis, pointing out that forecasts predict a period of between five and seven months.


"We believe that Chile is going to be one of the countries to recover fastest", the Head of State said on Radio Cooperativa.


The President also said that economic predictions released yesterday by the Central Bank "are in line with the scenarios that we have been working with".


In the financial entity's Monetary Policy Report (IPoM) for May, the Central Bank predicts a range of between -0.75% and 0.25% for national economic growth this year and indicates that the figure is more likely to be towards the lower end of the spectrum.


Meanwhile, Minister of Finance Andrés Velasco stated that the forecasts made by the Central Bank show that Chile will enjoy more favorable results than its trade partners this year.


"It is crucial to understand that these figures demonstrate that Chile is going to outperform its trade partners with regards to economic activity this year", contended Velasco.

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