Open figure viewer
Significance
It is arguably the most important political event in Chile since the 1988 referendum that led to the restoration of democracy after the 1973-90 Pinochet dictatorship.
Impacts
In the presidential election, a growing generational cleavage emerged as a new feature of Chilean politics.
Financial markets, which initially reacted negatively to Boric’s election, will be looking closely at his choice of finance minister.
Chile’s likely economic situation in 2022 and 2023 does not look propitious for Boric’s proposed fiscally expensive reforms.
Keywords:
Chile,
LA/C,
economy,
politics,
constitution,
election,
fiscal,
government,
growth,
legislation,
opposition,
party,
policy,
referendum,
reform
© Oxford Analytica 2021. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2021
You do not currently have access to this content.
