Chilean gov’t optimistic over economic growth

Chilean President Michelle Bachelet expressed hope that her country’s economy will continue to grow, according to a speech she gave on Wednesday. “The Chilean economy has never been more stable” said Bachelet who added that she didn’t believe that external financial problems would seriously hurt Chile’s economy.

Bachelet’s optimism may be well-founded after the International Monetary Fund released its report on Chile. Despite prognosticating slower growth in 2008, the report concludes that Chile’s economy is secure enough to survive any “external shocks”:

“Owing to strong institutions and sound economic policies, Chile has experienced two decades of economic stability and increasing living standards.”

Sources- Reuters, Bloomberg

Image- Banknotes.com