Thursday , September 29 2022

Piñera celebrates the economic projections of Central Bank


The president stressed that "Chile's growth is based on rocks and not sand, because it is based on investment and productivity."

In the context of the introduction of the development plan for the Higgins Region, President Sebastián Piñera emphasized the growth figures given by the Central Bank and restated "we are moving to the right direction, but with the strength and I'm sorry, that's fine because it means we have better times, although some think they have to get there faster, we will work for that and for every household in Chile. "

Piñera said, "yesterday, the Central Bank said about the situation of our economy that we would grow about 4% this year, some say it's a bit, I think it's three times What we have seen last year puts us on top of Latin America and allows us to grow more than the world average and regain the leadership and dynamics that we have lost ".

He explained that "growth has to be established on rock and not sand, because it is based on investment and productivity, that is, it shows us that there are good reasons for being optimistic about the future."

He emphasized that "the investment will grow this year between 5% and 6% and in previous years it had been systematically declining and the productivity that was negative would be a burden that was holding us back this year positive, that is, a machine that pushes us ".

Piñera was also tackling the problem according to employment figures and said that "good news was in the face of employment, which grew much stronger than we thought, even the BC said yesterday that INE's methodology was underestimating those jobs. They had been creating since 2016 and we created much more jobs, but with the methodological issue of migration, the INE was not Hold this job growth, October has created 75,000 new paid jobs and I remember that at this same level of year In the past 65,000 jobs were destroyed. "

However, the president predicted that, while "Chile is growing strongly with investment, productivity and jobs, it's good news, but it will not be among us to rest on our laurels or lower our arms."

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