The social and political crisis that has engulfed the South American nation of Chile, is set to cause further trouble, especially for the tourism sector. Thousands of more tourism jobs may disappear or be left vacant, adding to the already number of thirty- seven thousand eroded thus far. Unemployment figures overall stand at present at around seven percent, though the Ministry of Finance believes that it could be closer to the one- tenth mark. The present government led by Sebastian Pinera has proposed economic changes, but there have been street protests as a result of those. A recession is also a possibility in Chile. The Chilean Peso currency too has faced devaluation now.

Source:https://www.tourism-review.com/crisis-in-chile-impacts-tourism-news11301

Uploaded Date:27 December 2019