China Financial Daily

Chile announced four billion U.S. dollars of fiscal stimulus plan to deal with financial crisis
Chilean President Michelle Bachelet on local time, Monday announced a four billion U.S. dollars’ fiscal stimulus plan to ward off the impact of the global financial crisis and strengthen the construction of infrastructure of public expenditure, and publish the amount of subsidy.
Michelle Bachelet said that the actual public expenditure in 2009 will increase 10.7 percent, which suggested the deficit this year will be equivalent to 2.9% of the gross domestic product (GDP). He also said that the scheme would lay the groundwork to achieve 2-3% GDP growth rate.

In Chile, the unemployment rate rose to 7.5 percent
Chilean officials said that by the end of November, 2008, Chile’s unemployment rate rose to 7.5 percent, mainly due to the global financial crisis dealt a blow to small and medium-sized loan.
Finance Minister Andres Velasco said that the worldwide economic crisis so far gave little impact on unemployment in Chile, but he warned that there may be large-scale layoffs in April in Chile.
Presidential Commission will advise to expand the public expenditure and provide assistance to small and medium enterprises, so as to avoid a large number of unemployed workers in January.

Related posts:

1. Hong Kong unemployment rate; Italy unemployment rate
   Hong Kong latest unemployment rate hit 3.8%, which created the new high in 5 years...
2. American Unemployment Rate Influence
   U.S. unemployment rate rose sharply to weaken the demand for textile products From the United...
3. Euro zone unemployment rate, German unemployment rate; Venezuela unemployment rate
   Euro zone unemployment rate in November 2008 rose to 7.8% EU statistics office Eurostat data...