Mario Marcel’s 2024 Economic Projections
- Here's a breakdown of the key details from the article, focusing on Mario Marcel's statements and projections:
- * Economy's Recovery: Marcel believes the Chilean economy is on a path to recovery and will be able to stand "on its own strength, with its own feet."...
- * Marcel recently resigned as Minister of Finance (Hacienda) for personal reasons.
Here’s a breakdown of the key details from the article, focusing on Mario Marcel‘s statements and projections:
key Points from Mario Marcel:
* Economy’s Recovery: Marcel believes the Chilean economy is on a path to recovery and will be able to stand “on its own strength, with its own feet.”
* Three Economic Shocks: He identifies three major shocks to the Chilean economy since 2019:
* The social outbreak (protests)
* The COVID-19 pandemic
* A “populist shock” – specifically referencing the widespread approval of pension fund withdrawals.He notes these withdrawals were approved with “large majorities” across the political spectrum.
* 2026 Projections:
* Growth: He predicts economic growth of around 3% in 2026.
* inflation: He anticipates inflation will fall below the Central bank’s target of 3% for much of next year.
* Tax Cuts & Fiscal Deficit: he addressed the tax agenda of President-elect José Antonio Kast, which includes tax reductions and the elimination of contributions for first-time homebuyers. The article doesn’t detail his opinion on this, only that he addressed it.
Context:
* Marcel recently resigned as Minister of Finance (Hacienda) for personal reasons.
* The article links to other La Tercera articles for more detail on his resignation and Kast’s tax proposals.