Covid-19 hastens changes to Chile’s market-led economic model

Malaysia News News

Covid-19 hastens changes to Chile’s market-led economic model
Malaysia Latest News,Malaysia Headlines
  • 📰 TheEconomist
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 92%

The pandemic, and the government intervention it provoked, may hasten an evolution towards social democracy that was already under way

from a large pot. One lad takes enough for a family of four, sick at home with covid-19. Ms Contreras and six helpers provide 250 free meals a day, and fresh bread every second day for evening, a charity, provide the food.

The government’s record in handling the pandemic has been mixed. As a share of its population, Chile’s 321,205 confirmed cases and 7,186 deaths are among the world’s highest. Rather than locking down the whole country, the government just sealed off covid-19 hotspots. It started talking of a return to a “new normal” in mid-April, before the disease had peaked. The government imposed a total lockdown of the capital, where a third of the population lives, only on May 15th.

The government has been as maladroit in shielding Chileans from covid-19’s economic ravages. It has acted slowly. Its measures, though large, have not met the need. Its under-reaction could cause a backlash that errs in the opposite direction. Post-Pinochet governments have mostly kept budget deficits low. This year the government expects the deficit to reach 9.6% ofin 2019 to around 30% this year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TheEconomist /  🏆 6. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Florida Closes COVID-19 Response Center Following Its Own COVID OutbreakFlorida Closes COVID-19 Response Center Following Its Own COVID OutbreakFlorida's pandemic response center temporarily closed its physical operation on Thursday after 13 staffers reportedly tested positive for the coronavirus
Read more »

Early-stage trial data on AstraZeneca COVID-19 vaccine due July 20 - LancetEarly-stage trial data on AstraZeneca COVID-19 vaccine due July 20 - LancetThe Lancet medical journal said on Wednesday it will publish keenly-awaited phase 1 clinical trial data on a potential COVID-19 vaccine being developed by Astrazeneca and Oxford University on Monday.
Read more »

Oklahoma Governor Tests Positive For COVID-19Oklahoma Governor Tests Positive For COVID-19Gov. Kevin Stitt is the first governor known to have tested positive for the virus. Oklahoma saw its largest one-day increase of cases on Wednesday.
Read more »

Lung radiation shows promise for COVID-19 pneumonia; smoking raises risksLung radiation shows promise for COVID-19 pneumonia; smoking raises risksThe following is a brief roundup of some of the latest scientific studies on the novel coronavirus and efforts to find treatments and vaccines for COVID-19, the illness caused by the virus.
Read more »



Render Time: 2025-03-09 19:38:48