translated from Spanish: Piñera and economic reactivation: “We are going to recover more than what we lost last year”

During this day, President Sebastián Piñera took stock of the economic recovery in Chile after the Central Bank reported the figures corresponding to the Imacec of May that maintained an increase in terms of the annual variation reaching 18.1%.” Without a doubt, this is good and welcome news for Chile and for all Chileans, because high growth means more jobs, better wages, greater opportunities for families, for individuals, for companies,” the president said. Along these lines, he pointed out that “the world and Chile have had to face and live with two great adversities, first, one of the deepest recessions of the world economy in history and second, a devastating health pandemic, which has ravaged the entire world.” The recession of the world economy hit us very hard, and our economy last year contracted 5.8% and that meant losses of jobs, of opportunities, however, thanks to the effort and contribution of everyone, during this year our economy is recovering very strongly, “he added. Piñera emphasized that “the growth of 18.1%, which surprised many, during this month of May, allows us to anticipate that this year our economy will grow around 9%, following the estimates of the Central Bank, and in this way we will more than recover what we had lost last year.” The recession and the pandemic hit employment in our country very hard, and seriously affected Chilean SMEs, entrepreneurs and families. In fact, the crisis at its worst meant we lost more than 1.8 million jobs,” he said.

Original source in Spanish