Wednesday, July 7, 2021
1:00PM ET - 2:00PM ET
U.S. Commercial Service, U.S. Department of Commerce
With a reputation for sound fiscal management, open market policies, and transparency, Chile is poised to lead South America out of recession in 2021 driven by a $34 billion economic stimulus plan and increased demand for copper and lithium.
- Despite a historic economic downturn in 2020, Chile is projected to lead the region out of recession in 2021 with an estimated economic growth rate of 5%
- Chile released a $34 billion public investment to stimulate recovery through 2022. Target sectors include transportation, water, digital, social, healthcare
- Chile is planning to invest $250 million annually in water projects to improve water management in midst of a decade long historic draught.
- Energy efficient agricultural machinery and equipment is a best prospect since it reduces labor, saves energy, and subsequently lowers production cost.
For questions, please contact: Monica.Toporkiewicz@trade.gov.