1945

In a climate of monetary adjustment, and despite a marked contraction in national income due to an adverse terms-of-trade shock, 1996 was another year of robust growth, falling unemployment and lower inflation for the Chilean economy. The decline in inflation was helped by a slide of 4.5% in the real exchange rate in response to copious inflows of capital.

Related Subject(s): Economic and Social Development
Countries: Chile
/content/books/9789210582988s003-c004
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