According to the director of the Center for Surveys and Longitudinal Studies of the Catholic University, there were bad policies during the health crisis and now the consequences are being paid for.

The expert recalled that during the most tense moments due to the spread of the virus, the State made financial transfers to the most affected households and several withdrawals from pension funds were authorized for the entire population.

This meant an artificial injection into consumption of almost 50 billion dollars, a gigantic figure capable of unbalancing any economy, Bravo said in declarations to the newspaper Cooperativa.

As a result, inflation soared and is still above normal levels, while at the same time there was a contraction in the growth of the Gross Domestic Product (GDP), which this year could be zero or slightly negative.

It is true, he said, that according to statistics at present the employment rate is similar to that recorded in 2019, but in the meantime about 700 thousand people arrived at the working age and most of them do not find a job.

Experts estimate that just to absorb those who become economically active each year, GDP must grow by at least 2,5%, which is not the case in Chile.

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