Chile's Economy in Flux | Global News

Chile’s Senate just passed a sweeping economic overhaul aimed at jumpstarting growth and attracting investment, but it’s sparking fierce debate. After a 12-hour marathon session, lawmakers approved a bill slashing corporate taxes and offering environmental project reimbursements—moves President Kast’s administration says will revive the economy, which is struggling with a 0.5% GDP drop and 9.4% unemployment. Critics, however, warn it’s a giveaway to the wealthy and could harm sustainability. The bill still needs approval from the Chamber of Deputies, where new Senate amendments—including a “right to be forgotten” for old debts—could stall it for months. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/9536c3eac869c487