:quality(75)/cloudfront-us-east-1.images.arcpublishing.com/elcomercio/JGWI5AZZB5H5FDOBWL3QTZRTUY.jpg)
Sunday afternoon, Sunday afternoon, December 19, marked the joy of thousands of people Chile Those who celebrated the victory of the left in their homes and on the streets Gabriel Borick vs. Jose Antonio Cast, Representative of the more radical right.
However, the next morning they woke up with a dark gaze: Markets collapsed And the dollar reached historic levels, while the Santiago Stock Exchange fell six percentage points.
Various experts have pointed out what markets generally expect Boric Trump, Though Closet – Their candidate – was high on the ballot, but they did not expect such a big difference.
You can see: Gabriel Borick, after election victory: “I will be president of all Chileans”
99.99% of the polling booths were inspected by the Election Service (Surveillance). Boric 55.87%, which equates to 4,620,671 votes. ClosetEnded with 44.13% (3,649,647 votes).
The higher the turnout (8,364,534 55% of the electorate) the lower the turnout The youngest ever elected president in Chilean history.
Why did the dollar rise in Chile?
“The bags were not expected to perform well, but they were worse than expected. They did so because the victory of the war was so vast. Chilean political analyst Patricio Navia told the newspaper.
In fact, from the first round – short hit Closet– Chilean markets operated in a volatile environment.
Ronald Palsa, dean of the Faculty of Economics and Social Sciences at the Andres Bello Catholic University (UCAP) in Venezuela, noted that the election was “usually tense” in the coming days.
The evolution of the IPSA index of the Santiago Stock Exchange over the past month. Chart: AFP
“In yes Chile Concerned neo-hippies and their global warming, i’ll tell ya. They are trying to buy dollars and the value of the dollar may go up ”, Explained.
On the first day, in the post-election case, the economist added, “there are those who respond immediately by buying or selling the currency they use or the shares of the companies they own.”
However, he noted that this was a “very temporary effect” that was “essentially related to the news”, i.e. Boric wins In the second presidential round.
You can see: Javier Miley calls the decision “terrible” in Chile: “Gabriel Borick is a communist”
Before a meeting on Sunday night Borick featured Longer than usual. The iconic AFPs argued to protect Chile’s macro – economy, although he promised to end the private pension system.
“We will take care of our macro economy. We will do our best to improve pensions and health without going back in the future. “ Said the former student leader.
In addition to the electoral environment, the global environment contributed to this decline, with international markets plagued by renewed concerns about the COVID-19 epidemic, now before the alarm Omicron variant of the corona virus.
Many factors darken the government Boric, Without starting. “The winning candidate has not yet taken the first step, he has only made announcements,” Balsa said.
You can see: Nicolas Maduro congratulates Gabriel Borick on his “wonderful victory against fascism”
What if the dollar rises?
In general, even more so in Latin American countries, the dollar generally has a primary value in the economy, rising commodity prices, and in some cases the first demand.
The value of the dollar was great news this morning in Chile. Photo: AFP
Increase in inflation, in which Chile It has been in single digits for many years, which is usually the main characteristic. Especially when there are goods that are only imported in US currency.
What has Chile got to do with the Gabriel war?
“Borick will get a majority in one room, not another.” Navia points to the next structure of the Chilean parliament. “It has a constitutional convention that can support it and put some reforms in the new constitution, which is why the bags were scared,” he said succinctly.
Such a reform a New pensions, Does not have enough legislative support for it. Progressive forces dominate the Constitutional Conference.
You can see: World leaders congratulate Gabriel Bori on his election victory in Chile
The young politician said this after meeting outgoing President Sebastian Pinera in La Moneta this Monday. This will expedite the definition of your cabinet. Markets are waiting to know more precisely who will carry the country’s funds.
File of Gabriel Borik, President-elect of Chile. Chart: AFP
“Bags expect, they do not react when it is considered BoricRather, they expect things you can do. If there are moderates who will announce his cabinet soon in the coming weeks and have a finance minister calming the markets, the stock markets should perform well and the dollar should fall, ”he said. Navia.
The local media has speculated Roberto Zahler, the former chairman of the Central Bank of Chile, said Borik would be a moderate option.
Official information shows it Chile Completes 2021 with 11.5% growth. By 2022, when the new 35-year-old head of state takes office, expectations will increase by 2 to 3%.
You can see: Gabriel Boric: Elected President of Chile from Student Leader
Despite some shortcomings, in his government program Boric He is not critical of the market, but he is committed to a tax reform, exemptions and reduction of property taxes, among other measures.
Balsa spoke of Vin’s stability Chile It is still malignant. “You can not give importance to a one – day event, even if it means a announced policy change, you have to look at the candidate’s behavior as soon as he becomes president.”
Rise of the Left after Gabriel Borick’s victory over Jose Antonio Cast
With success Gabriel Borick After the election results in Bolivia the Latin American left continues its uprising, where Louis Ars returned power to the Movement for Socialism (MAS); In Peru, Pedro Castillo surpassed Keiko Fujimori; And in Honduras, Siomara Castro was devastated and became the first head of state of a Central American country.
You can see: Micron is already the most contagious type in the United States
By 2022, when will The most important events in Latin America, Polls predict greater success for progressives. In Brazil, former President Luiz Inacio Lula da Silva and former Colombian guerrilla Gustavo Petro are doing well in facing general elections.
“Passionate coffee fanatic. Social media lover. Twitter expert. Extreme music practitioner. Zombie junkie. Hardcore travel specialist.”
More Stories
Who can access Solidarity income 2023 and bonus 500 thousand? Check Here with ID | Answers
Jenna Patel | England | They thought their daughter had been bitten by an insect and discovered it was too late a few months later Ewing’s sarcoma | Cancer | United Kingdom | Story | EC Stories | the world
Pension reform in France | The French did not want to lose their social benefits. Will Macron resist pressure from the streets? | Retirement Age | Pension | Reform of Pension System | the world