translated from Spanish: Baja Chile in competitiveness ranking: CPC believes that “it is only a consequence of the reforms of the previous government”

The President of the Confederation of Production and Trade (CPC), Alfonso Swett, said yesterday that Chile’s strong fall in the world ranking of competitiveness “did not surprise” and pointed to the government of Michelle Bachelet as the great responsible. When participating in ELO XVIII Encuentro Santander Latin America in Spain, the business leader commented that “The truth is that this fall does not surprise me and is only a consequence of the reforms of the previous government. A ‘ party ‘ that made us lose US $10 billion (growth revenue we did not have) and made us roll back seven positions in the ranking. ”

According to the financial journal, Swett added that “we fell into growth and had four years in a row falling in investment just at a time when world rates were almost free, so where is the responsibility?” The manager criticized the tax reform of the former government as a key factor in the loss of business efficiency. “What have we lost efficiencies in, where companies are now full of accountants-because nobody understands reform-and then this is being transformed into a tax on legal uncertainty,” he said. 
Chile, the country that this and in recent years has been the first in the region in competitiveness, lost seven positions and stood at Place 42, a result that is partly due to the excessive expectations that had been generated towards him , according to the report.

Original source in Spanish