Economics
As Chaos Engulfs Chile, a Booming Economy Suddenly Faces a Bust
- Economists now predict Q4 slump that may stretch into 2020
- Budget aid on the way, but central bank constrained by peso
Anti-government demonstrators clash with security forces in Santiago on Nov. 12.
Photographer: Claudio Reyes/AFP via Getty Images
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Just a few weeks ago, Chile’s economy was chugging along at a growth rate above 3%. Hardly anybody was worrying about a recession ahead.