OECD's 2012 Economic Survey of Chile examines recent economic developments and policies, progress in structural reform, reducing poverty in Chile through cash transfers and better jobs, and the housing market in Chile. The strong recovery in Chile lost momentum as the world economy slowed, weakening copper prices and consumer confidence. The uncertainty in the world economy may require Chile to adopt more supportive macroeconomic policies in the short run, but tackling poverty and inequality are the key challenges in future years. Better education and job opportunities for the poor would enable Chileans to contribute to a more dynamic and productive economy and thus to higher welfare. The OECD has set out the following measures that should better develop stronger growth and encourage a more inclusive society, including: supportive macro policies in the short run; a strengthened fiscal rule and higher tax revenues to finance long-term spending increases; higher cash transfers for the poor combined with support for recipients to find employment; better access to quality housing along with measures to reduce residential segregation and enhance mobility.
