Chile’s central bank data showed that the country’s economy contracted at its fastest pace in 10 years in conjunction with mass demonstrations against the ruling elite and rampant corruption within sectors. last year.
On a monthly basis, economic activity in Chile declined by 5.4% in October, compared with September, in conjunction with a weak industrial and service sector, despite the strength of the country’s construction sector.
Chile’s currency hit record lows last month against the US dollar amid concerns over protests over the country’s political and social conditions.