RIO DE JANEIRO, BRAZIL - A report by Swiss investment bank Julius Baer on the impact of the presidential elections on the Chilean market provides a less than encouraging view.
One of its main conclusions is that "Chile's fiscal position will continue to deteriorate, as increased social spending is at the top of all candidates' agendas".
In addition, the report notes that "the new Constitution, together with a fragmented Congress, will be the main problems that the new President . . .