Chilean President Gabriel Boric faces an economic slowdown and high inflation, which conflicts with his goal to expand social programs, and could increase pressure for more financial stimulus, according to a Bank of America report released on Thursday.
The government recently announced a $3.7 billion economic recovery plan to support sectors still affected by the impact of the COVID-19 pandemic and while the report states the plan is "reasonable and targeted so far ... there will be pressure to spend more."
