The Minister of Finance, Ignacio Briones, referred to the Monthly Economic Activity Index (IMACEC) of June, which recorded a drop of 12.4% in 12 months, as reported by the Central Bank.” It’s a smaller drop than the market expected, but it’s still a substantive drop, which will make this second quarter the baddest in a long time, with a decline in economic activity close to 14%,” Briones said.The minister explained that the fall in the country’s economic activity was partly due to the country’s 44.5% of the country’s population being quarantined , to safeguard their health and those of their families. The Secretary of State emphasized that the fall of the IMACEC in June reaffirms the need to boost the economy as the pandemic recedes.” As a government our main priority is to get back up, to recover our economy and above all to recover jobs, on which the incomes of hundreds of thousands of families in Chile depend,” he said. Briones stressed that a powerful public investment plan, as well as an employment subsidy programme, will soon be launched, which will help to boost the labour market. The treasury holder extended an invitation to business, political and social leaders to add “to the challenge of lifting Chile up again. It’s not an easy thing, we’re facing the worst crisis humanity has known in the last 100 years, but with a lot of unity and strength we can succeed. Chileans and Chileans urgently need and need to recover their permanent sources of income to support their families, which are their jobs. The north must be a joint effort so that, in the coming weeks, step by step, we begin to fulfill these longings.”
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