Chilean economic crisis

The Chilean economic crisis primarily refers to a period of significant economic downturn caused by a combination of factors such as falling commodity prices, political instability, social unrest, and budget imbalances. These issues led to reduced economic growth, higher unemployment, and increased inequality. The crisis reflected deeper structural challenges within the economy, such as reliance on exports like copper, and political debates over social reforms. In response, the government implemented austerity measures and policy adjustments to stabilize the economy, while ongoing social movements called for reforms to address inequality and improve public services.