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Los Lagos de Chile – 10 Region centred on the city of Osorno

Osorno is an important city and commune in southern Chile and capital of Osorno Province in the Los Lagos Region. It had a population of over 150,000. It is located 945 kilometres (587 miles) south of the national capital of Santiago, 105 kilometres (65 miles) north of the regional capital of Puerto Montt and 260 kilometres (160 miles) west of the Argentine city of San Carlos de Bariloche, connected via International Route 215 through the Cardenal Antonio Samoré Pass. Osorno is a rural service centre…

Doug Casey’s Top 7 Predictions For The 2020s

#1 Demographics First, it’s good to remember that demographics have a life of their own. That’s not good from the point of view of those of us of European descent. We’re only 10% of the world population and falling rapidly. Worse, it seems we’re responsible for all the world’s problems and therefore aren’t very popular. In Europe, I expect the ’20s will have a lot of mass migration, the largest in scale since the barbarian invasions of the fifth century. This time there…

Chile Stuns Markets as Unemployment Falls, Manufacturing Rises

Chile’s jobless rate fell and manufacturing output rose late in the year, surprising analysts who had forecast a steep downturn as nationwide protests shuttered businesses and delayed investments. The unemployment rate slid to 6.9% in the three months through November from 7% in the month-earlier period, the national statistics institute said Tuesday, far below the 7.6% median estimate of analysts surveyed by Bloomberg. Manufacturing expanded 3.2% in November from a year ago, compared with the median…

Chile to Tap Foreign Investors as Reputation Survives Protests

Chile’s foreign reputation for sound fiscal management has survived the biggest social upheaval in a generation largely intact, market indicators show. The government says it now intends to cash in on that credibility. The South American nation plans to issue $8.7 billion of bonds next year, of which $5.3 billion will be sold abroad, up from about $3 billion this year. Of those foreign bond sales, $3.3 billion will be in dollars and euros and the rest will…

Foreign direct investment in Chile increases by 64% to USD 10.325 Billion in the first ten months

In October, the net inflow of foreign direct investment reached USD 850 million. At USD10.325 billion, foreign direct investment (FDI) in Chile in the first ten months of this year represented an increase of 64% on the same period last year and was in line with its performance over the past five |years (an average of USD10.584 billion for 2015-2019). According to the Central Bank of Chile, there was a net inflow of USDv850 million in October. The figure reflects a high level of equity contributions, which reached…

So you want to buy farm land in South America – What are the options ?

So you want to be a farmer in South America. Investing in farmland can make for an intriguing alternative to the stock market. Farmland is safe historically and a great hedge against inflation and is an asset class that does not correlate with the normal stock market. As the world’s population continues to grow (9.15 billion estimates by 2050) and the global middle-class continues to emerge (with changing dietary habits toward more calories and meat), farmland is poised to become an even more intriguing…

Latin America’s Big Three Dodge Chaos Sweeping Region

If Latin America’s sudden and violent protest movements have unsettled investors and surprised pundits, it’s worth noting that in the region’s three largest countries — Brazil, Mexico and Argentina — the streets have remained relatively calm as have Paraguay and Uruguay. With 380 million people and economies that represent $3.6 trillion USD annually, the big three usually set the tone. And it’s not like the grievances evident in the affected countries — Chile, Colombia,…

Chile’s Kiwifruit saw the highest prices in five years this season

Chilean kiwifruit was having a golden moment a few years ago, until the arrival in the country of what is known as the kiwazo – an explosive rise in the number of orchards. This led to a sharp rise in export volumes, which in turn impacted prices, making the business less profitable. This year, however, Chilean kiwifruit fetched the highest prices in five years in the U.S. market. This is largely due to a 15% drop in export volumes (and a 17% drop in shipments to the U.S.). The lower supplies…

Chile was the most stable and prosperous South American country, but heading into 2020, it is collapsing financially. What’s the story?

Before discussing the present [October-Decembrer 2019] events, it is important to note that similar, albeit smaller scale, uprisings in Chile have become somewhat common. Some of the features of these earlier events are similar to what is currently going on. 2010: In the Magallanes region of Chile the natural gas prices are very low, and are heavily subsidised by the national government, through taxation and public monies. As a result of the low prices, construction typically avoids adequate insulation and…

Who are the Major Players in Latin America’s Cannabis Sector?

The legalization and use of cannabis is becoming more and more popular not only in North America and Europe but in Latin American countries as well. Investment is flowing into the region as it positions itself to be a leading supplier of the world’s cannabis market. But who is spearheading this movement for cannabis legalization in Latin America?   Uruguay’s legalization of cannabis sparked a wave for more liberal policies and laws across Latin America. Between the years 2015 and…

Bloomberg analysis: “Chile seeks to emerge from its crisis but is paying a very high price”

“It is at stake not only for social peace but also for the reputation of Chile’s fiscal prudence that has earned it the highest sovereign debt rating in Latin America,” the agency says. Chile bets on its status as a model example in favor of the market as the government rules out plans to reduce debt in favor of at least $1.5 billion per year in additional social expenses to appease the protesters. In the midst of violent demonstrations that reach a second month, officials are now planning…

Why did GTSA develop the vendeRAPIDO® selling process for selling real estate in South America?

There are two reasons. To speed up the selling time and maximise the properties value  Current Market Realities South American real estate markets are in the main lightly regulated and highly informal. What this means for vendors is they are at a strong disadvantage when they come to selling a property within a reasonable time frame.  Traditional times of sale are measured in months and years.   Consequently, transaction costs are among the highest in the world.  With the globalization…

Piñera says the Chile protests involved foreign intervention

The Chilean President said that he has received information from the U.S. State Department. suggesting that behind the violence there is more at play than “habitual criminals” Chile’s president Sebastián Piñera said his government is investigating foreign intervention in last month’s violent protests in one of the most prosperous countries in the region. “There’s a lot evidence that behind this situation there are forces that previously they did not know were…

Interview with Alejandro Werner (IMF) on the Latest Economic Developments in Latin America

Growth in Latin America and the Caribbean is slowing down. The region is expected to grow by 0.2 percent this year, amid continued trade tensions, lower global growth, subdued commodity prices—and in some large regional economies—high policy uncertainty, according to the IMF’s latest Regional Economic Outlook for the Western Hemisphere.  To boost the economic recovery and create more jobs, the region will need to rely on domestic drivers of growth, like consumption and investment.…

Latin America faces another lost decade and resultant brain drain

“This looks like a scene from the second world war, right here in the heart of Santiago.” Felipe Alessandri, the mayor of one of Latin America’s most prosperous cities, was surveying the burnt-out wreckage of the 170-year-old church of Veracruz in the center of Chile’s capital, destroyed in a blaze started during a general strike last Tuesday. The flames which consumed Veracruz are a vivid reminder that the violent protests which have gripped what was Latin America’s big economic…
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