Chilean president-elect pledges to spur economy and job creation

Sebastian Piñera, a Chilean entrepreneur and former president of the nation, achieved victory in his second campaign for Chile's chief executive office.

The Los Angeles Times reported that Piñera's decision to focus messaging around promises of economic growth and job creation largely propelled his election win, along with his long track record of business success. 

Citing a desire to pay specific attention in forthcoming economic initiatives to support "the most vulnerable and our middle class," President-elect Piñera proclaimed, "What unites us is our love for Chile, our firm will to deliver the best of ourselves, so that we can have a fuller life," according to the news provider. 

Chile's economic growth of 1.4 percent during 2017 is slow compared to elsewhere in Latin America, as the latest report from the Economic Commission for Latin America and the Caribbean pointed out. Peru saw 2.5 percent growth through this year, while Colombia was slightly ahead of Chile at 1.8 percent.

Disparities between Chile and Central American countries are considerably more pronounced, with nations like Panama and the Dominican Republic seeing 5.5 percent and 5.1 percent expansion, respectively. According to The Washington Post, falling copper prices played a big role in Chile's economic slowdown, but Piñera believes his initiatives could create hundreds of thousands of jobs.

Chilean president-elect pledges to spur economy and job creation