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The Chilean president has predicted strong growth as a result of the vaccine push

The Chilean president has predicted strong growth as a result of the vaccine push

Chile hopes to recover all the economic growth that the coronavirus has lost this year, making it the only major Latin American nation, as a quick vaccine helps overcome the pandemic, according to President Sebastián Piñera.

Although a strong second surge of infection at the end of last month caused new blockages, Piñera told the Financial Times that young people without vaccines were giving positive results.

“The numbers show that the vaccines we are applying in Chile, Pfizer and Sinovac are effective,” he said in an interview, dismissing doubts about the Chinese ownership.

Chile has so far administered 65 doses of vaccine per 100 people, placing it third in the world after Israel and the Basque Country, both of which have a much smaller population thanks to initial government action to secure supplies.

About 90 percent of Chileans have received Sinovac’s CoronaVac jab, and a large-scale health ministry study released Friday said the Chinese vaccine has shown 67 percent to prevent a symptomatic infection after a second dose and more than two weeks was much lower. It was 80 percent effective in preventing deaths and 85 percent effective in preventing hospital admissions.

The rapid pace of vaccination should allow the economy to recover rapidly, aided by higher world prices for major export copper. “This year we expect the growth of the Chilean economy to be greater than the decline we had last year,” Piñera said. “All projections indicate that Chile will grow by 6 percent this year and we expect more.” Last year, the economy fell by 5.8%.

Critics have attacked the government this year for easing mobility restrictions too quickly, allowing new virus growth to spread in the southern hemisphere in summer and hospitals, but Piñera said the summer infection rate is higher in many countries and new blockades were putting the disease under control.

Chile hopes the art will gain immunity through vaccinations in June, although former Health Minister Jaime Mañalich has questioned whether it is possible to ask in neighboring countries such as Brazil, Peru and Argentina when they have high infection rates and new variants are circulating.

Fresh abundance of cases the election has been postponed until mid-May for a special assembly to draft a new constitution, replacing the document for Pinochet’s dictatorship. The new constitution and a broad welfare package of 10% of gross domestic product form the focus of the government’s response to the wave of riots and social protests that hit the country in October 2019.

Investors are worried that they will deliberate on the assembly in the presidential and congressional election campaigns in November, and that the weakening of property rights, which Chile has made a major destination for foreign capital, could lead to a new treaty or a weakening of property rights.

Piñera said that although no country was immune from the global “disease” of populism, he believed in the “wisdom, prudence and good opinion” of Chileans, and said a two-thirds majority was needed for the changes, which should moderate demands.

However, growing populism, A lower-house lawmaker on Thursday approved a bill that would allow savers to withdraw money from Chile’s private pension system earlier, ignoring government remarks.

Speaking before the vote, Piñera told the FT that “if we continue to withdraw pension savings, it will be very difficult to provide a pension that allows our seniors, now and in the future, to live with dignity.” Analysts believe that this time it could save $ 10 billion, above $ 34 billion taken in the first two withdrawals.

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