Chile’s Economic Recovery Stalls; Ecuador to Renegotiate Debt with China

A roundup of Tuesday’s news from across Latin America

Bloomberg Línea
February 01, 2022 | 07:34 PM

Bloomberg Línea — In December, Chile’s economic activity recorded its first monthly contraction since April of last year amid adverse factors such as a sharp pullback in emergency spending and steep interest rate hikes, which are hastening the end of a consumption boom. The country’s new President, Gabriel Boric, will take office on March 11.

Ecuador’s President Guillermo Lasso has begun a visit to China at the invitation of President Xi Jinping to renegotiate the country’s debt with Beijing.

Following is a roundup of Tuesday’s news from Bloomberg Línea and Bloomberg reporters across Latin America.








  • Peru’s inflation was 0.04% in January, driven by the increase in prices of consumer items, which in the last twelve months (February 2021 - January 2022) reached a variation of 5.68%, according to the country’s statistics bureau INEI.


This is how the region’s markets closed on Tuesday, February 1: