Special Report: Economic implications of Chile's New Constitution
The final draft of Chile’s new constitution was presented to President Gabriel Boric in early July. A referendum on the text will be held on 4 September. The new text increases the role of the state in the economy, emphasizes environmental protection and indigenous rights, and changes the political structure, giving more power to the lower house of Congress and to the regions.
In our latest special report, we asked our network of analysts about their views on Chile's new draft constitution. The report answers questions including:
- What are the key elements of the new constitution?
- Do analysts expect the new constitution to be approved?
- By how much would the new constitution affect GDP growth?
- How would mining investment be affected?
- By how much would long-run inflation be affected?
- Would the Central Bank retain its independence?
- Would the new text lead to a higher fiscal deficit and public debt?
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