Economists predict Chilean economy will recover from earthquake
If you are moving to Chile, you may be worried about the effect of the earthquake and how it will affect the future of the country. Despite the crisis, economists have predicted that the earthquake will not have a major long-term impact on the economy. Initially GDP will be affected due to transport and energy problems but analysts forecast that the economy will bounce back after this lapse. This is due to the fact that Chile has one of the strongest and wealthiest economies in South America, mainly supported by the strong copper export industry.
The 8.8 magnitude earthquake was one of the strongest on record. The crisis has devastated the regions near to the epicentre of the earthquake. Buildings have been destroyed, thousands of people are homeless and the death toll has now reached over 300 with many people still reported missing. The country’s capital, Santiago, has also been affected as infrastructure collapsed, including an elevated motorway although public transportation has now been restored.
