Chile’s President-Elect Sounds the Alarm Amid Economic Boom
- Gabriel Boric speaks to business leaders at event in Santiago
- Boric says tax reform is key, growth should respect climate
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President-elect Gabriel Boric warned Chile’s consumer spending boom was unsustainable and that public finances were under strain, pledging to make changes in a “gradual” way as one of the world’s fastest growing economies faces a reality check.
Growth should be driven by investments, while protecting the environment, Boric told business leaders Thursday in the biggest economic speech since his election win. Boosting government revenues through a tax reform while simultaneously providing investors with legal guarantees will help make the expansion of activity more lasting and also solve social ills, he said.