Chilean President Ricardo Lagos announced Thursday that the level of fixed investment in his country has reached 30% of GDP, the highest level ever. Analysts examine the ratio of fixed assets to GDP to approximate future GDP growth, so the record-setting levels allows Lagos to leave office with a powerful legacy. (DowJones)
Thursday, December 1, 2005
Fixed investment in Chile reaches 30% of GDP
Chilean President Ricardo Lagos announced Thursday that the level of fixed investment in his country has reached 30% of GDP, the highest level ever. Analysts examine the ratio of fixed assets to GDP to approximate future GDP growth, so the record-setting levels allows Lagos to leave office with a powerful legacy. (DowJones)
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