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Fiscal adjustment: JP Morgan gives its support to La Moneda

Agencia UNO
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This week, was revealed that the American Bank, JP Morgan, informed that the Chilean Government has its full backing, on the decision of make a fiscal adjustment for 2016.

According to El Mostrador, the approval of JP Morgan of the Fiscal Adjustment is crucial for La Moneda, because this bank has leaded the issuance of Chilean sovereign debts, from the administration of Ricardo Lagos.

The banking entity delivered a report to its clients about the Chilean economic situation, and the decision of making the fiscal adjustment, explaining that our Government has been adapting quickly to the unfavorable scenario, and weakness of the raw materials prices.

In addition, the report shows some projections about what is going to happen in Chile, pointing out that the stock market will be very cheap, the country will be the less harmed in Latin America due to the falling of the commoddities, and our economy will be benefited from the petroleum collapse.

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