Santiago’s Chamber of Commerce predicts record-breaking creation of new jobs in Chile for 2010

Having weathered the global financial crisis and the impacts of an 8.8 magnitude earthquake in February, the Chilean economy is expected to create 330,000 new positions.

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It could be a record-breaking year for job creation in Chile, with the Chamber of Commerce of Santiago (CCS) calculating that at the end of this year 330,000 new positions will be available.

The Chilean economy has successfully endured two major negative impacts: the global financial crisis and the earthquake in February, according to the International Monetary Fund. The IMF expects growth to be five per cent in 2010 and 6 per cent in 2011.

The Chamber predicts a growth of 6 per cent in the second half of 2010 and the country’s highest ever job creation in a single year.

The Chamber said in a statement posted on its website that  “2010 marks a contrast with the historical reference and provides a series of positive surprises to economic growth.

“The various measurements that cover the topic of labor are consistent in showing an accelerated process of job creation in the last two quarters, which we attribute not only to a scenario of improved economic prospects, but also the process of reconstruction following the earthquake February 27.”

This post is also available in Spanish