Chile

Chile’s economic experience during 1956 and 1957 is of far more than merely nation-wide interest. For the first time in many years vigorous and resolute steps were taken to check a long-standing inflationary process that had become unusually acute from 1953 onwards. The positive result of this reaction was a perceptible deceleration in the rate at which prices increased in 1956 and 1957; but at the same time the economic stagnation observable ever since 1953 became more acute, and there were unmistakable symptoms of growing unemployment of the output factors and a fall in the investment coefficient.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions