Latin America Economics

Latin America Economics Update

18 December, 2017

Piñera prevails but reform agenda will meet resistance

Sebastián Piñera won the second round of Chile’s presidential election, but difficulties in Congress may make it hard to implement parts of his market-friendly reform agenda, including cuts to the corporate tax rate. This won’t prevent a rally in the equity market over the coming days – but it may ultimately temper enthusiasm over a 12-18 month horizon.

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