The ongoing civil unrest in Chile is having a considerable impact on the country’s economy. Analysts forecast that GDP growth in the Latin American country will only amount to 2 percent compared to previous expectations of 3.3 percent.
In an attempt to ease weeklong protests, Chilean President Sebastian Pinera has said there will be a Cabinet reshuffle. Chileans are protesting the economic situation in their country.
The president of Chile has announced a series of social reforms after a metro fare hike sparked days of deadly protests. Whether the reforms will stop the general strike planned for Wednesday remains to be seen.
Chile, Argentina, Bolivia, Ecuador, Brazil and Venezuela: Large parts of Latin America are on fire with protest. Some simple truths would be worth keeping in mind to solve the problems, says DW's Uta Thofern.
Protests in Chile continue even after President Sebastian Pinera appointed a new cabinet and announced social reforms. But he won't budge on the protesters' main demand.
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