Though the country is fairing far better than many neighbours in the downward cycle of the regional economy, Chileans seem especially pessimistic about their country’s future outlook. The economic slowdown, growing unemployment and the widespread perception that most politicians are involved in shady campaign finance schemes (if not open corruption) have turned Chileans into champions of pessimism in the region.
President Michelle Bachelet has a lower approval rating than all other South American presidents, including even Venezuela’s Nicolás Maduro. Fortunately for Chile, things are not as bad as most Chileans think. Though economic recovery might still be a few months away, the country has what it takes to regain its leadership role as a vibrant economy and consolidating democracy in South America.
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