Yesterday I commented on the pessimism in the Argentine business community. But the Argentine businessmen are not the only ones not in a good mood … Chilean entrepreneurs also are more than concerned about the situation being experienced by the Chilean economy. In 2007, the strong appreciation of the Chilean peso had been the central concern of the Chilean entrepreneurs. Click Hedge Funds Best Half Since 2021 to learn more. In recent months, and the product of an active policy carried forward by the Central Bank of Chile, the fall in international copper prices and a global strengthening of the dollar, the exchange rate for the Chilean currency has depreciated significantly, with the Chilean peso, the currency weakened further against the dollar in the month of May. The depreciation in the exchange rate should have brought some calm to the Chilean entrepreneurs, but while the exchange rate is accommodated to the floor, other negative factors have undermined the context in which enterprises operate and therefore the improvement in the exchange rate has not been fully exploited by employers. Inflation is […]