Chile economy hurt by US-China trade war

Chile regarded as Latin America's most stable economy, but has seen sharp rise in unemployment as exports to China takes a hit.

by

    Chile is regarded as Latin America's most stable economy but the US-China trade war could now be undermining its success.

    The price of copper, Chile's main export, has fallen 17 percent this year and the value of the Chilean peso, regarded as one of the most stable currencies in Latin America, has dropped to its lowest in more than three years.

    The government had forecast robust growth for this year, but a sharp rise in unemployment shows that the economy is taking a hit.

    Al Jazeera's Lucia Newman reports from Santiago.


    YOU MIGHT ALSO LIKE

    Interactive: Plundering Cambodia's forests

    Interactive: Plundering Cambodia's forests

    Meet the man on a mission to take down Cambodia's timber tycoons and expose a rampant illegal cross-border trade.

    The priceless racism of the Duke of Edinburgh

    The priceless racism of the Duke of Edinburgh

    Prince Philip has done the world an extraordinary service by exposing the racist hypocrisy of "Western civilisation".

    China will determine the future of Venezuela

    China will determine the future of Venezuela

    There are a number of reasons why Beijing continues to back Maduro's government despite suffering financial losses.