Strategy Note /
Chile

Chile rejects new constitution, relief for investors and renewables (for now)

  • 62% of voters (with 85% turnout) reject new constitution: a much larger magnitude compared to pre-vote polling (46-48%)

  • Mandate for potentially market-unfriendly policies (higher taxes and government spending) not established

  • But underlying grievances over inequality, which drove mass protests in 2019 and Boric's election win, remain

Chile rejects new constitution, relief for investors and renewables (for now)
Hasnain Malik
Hasnain Malik

Strategy & Head of Equity Research

Tellimer Research
5 September 2022
Published byTellimer Research

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