27 November 2008

Chile’s Top Goal Is to Control Financial Crisis, President Bachelet Says

By Nathan Gill
     Nov. 27 (Bloomberg) -- Chile’s President Michelle Bachelet said that the country’s economy is prepared to face the global financial crisis and will grow within the expected range in 2009.
     The government’s top priority in the next 15 months will be to control the fallout from the global financial crisis, the president said today at a business conference in Santiago.
     The central bank said Nov. 14 that economic growth probably will slow to between 2 percent and 3 percent in 2009 from an estimated 4 percent to 4.5 percent this year as a global economic slowdown curbs demand for Chilean exports such as copper and table grapes.