December 27, 2019

Chilean ‘Oasis’ Proves Short-Lived for Migrants Fleeing Crises
(Bloomberg) -- When Freddy Gomez fled Venezuela’s economic collapse in 2017, he sought a new beginning in one of South America’s richest and most stable countries: Chile.But as the country once described as a Latin American “oasis” descended into violence and chaos over the past couple months, his life turned upside down again. Protests against a metro fare increase quickly spiraled into mass unrest, hurting the transportation company where he worked as a recruiter, and eventually costing him his job.“Companies are just trying to get by day-to-day,” said Gomez. “If they don’t sell, then they can’t pay salaries, and many were affected by the protests; I am considering the possibility of leaving.”Gomez is among a growing number of immigrants who may be hitting the road again as the Chilean economy, once a poster child for emerging markets, teeters on the brink of recession. Unemployment is heading into the double digits for the first time since the 2009 global financial crisis while growth is expected to languish at the slowest pace in a decade next year, the central bank forecast earlier this month.Read more: Add a Million Venezuelans and Your economy Looks Very DifferentAs the economy deteriorates, the percentage of immigrants who plan on staying in Chile indefinitely fell to 35% from 44% before the unrest started, according to a study published this month by the Jesuit Migrant Service, a Catholic international organization that assists refugees.At the same time, those who said they were considering leaving immediately or over the next year more than doubled to 11%, said the organization after interviewing 576 immigrants nationwide in October before the upheaval started, and 449 more between Oct. 28 and Nov. 16.Currency PainThose who support family members abroad are shouldering the additional burden of a currency that has hit a historic low in the aftermath of the protests.That’s the case of Fredlymar Suarez, a Venezuelan chemistry teacher who now makes a living by selling empanadas at an entrance to a metro station. The weaker peso has cut the value of the remittances she sends to her three children back in Venezuela, she said.That marks a reversal of fortune for the more than 1 million immigrants, many of them Venezuelans, who live in Chile. By 2018, foreigners accounted for roughly 6.6% of the country’s population, up from 1.8% in 2010, according to government statistics. The percentage is likely to have grown further since then, mainly due to the implosion of Venezuela’s economy.But as the unrest boiled over in October, more foreigners left rather than entered Chile for the first time in all of 2019, according to data from the interior ministry.“For immigrants and their families, their most important resource is their ability to work,” said Richard Velazquez, Chief of Mission at the International Organization for Migration’s office in Santiago.Despite the change in sentiment, there are no signs of a stampede to the borders. Migrants don’t have many alternatives to Chile elsewhere in the Andes, since Peru and Ecuador have tightened migration controls while Colombia’s standard of living falls far short of Chile’s.Amanda Silva, a Venezuelan graphic designer who sells food at a subway station entrance every morning, said she had been shocked by the violence displayed by some of the protesters.“The damage here is worse than in Venezuela,” she said.But she’s not planning on leaving yet. In Chile, she says, unlike in Venezuela you can turn on the tap and be sure water will flow out, or flick a switch and see the lights come on.\--With assistance from Javiera Baeza.To contact the reporter on this story: Matthew Malinowski in Brasilia at mmalinowski@bloomberg.netTo contact the editors responsible for this story: Walter Brandimarte at wbrandimarte@bloomberg.net, Matthew BristowFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Latest News
Top news around the world
Coronavirus Disease

Coronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus.

Most people infected with the COVID-19 virus will experience mild to moderate respiratory illness and recover without requiring special treatment. Older people, and those with underlying medical problems like cardiovascular disease, diabetes, chronic respiratory disease, and cancer are more likely to develop serious illness.

Around the World

Celebrity News

> Latest News in Media

Watch It
Julia Fox defends viral ‘Uncut Gems’ interview moment: ‘I was stoned’ | Page Six Celebrity News
February 17, 2022
4m-p0_-ePd8
Alexia Echevarria pushed ‘RHOM’ producers to show more of son Frankie’s recovery | Page Six
February 17, 2022
E-wTaN9NfkI
Pete Davidson rejoins Instagram amid Kanye West drama | Page Six Celebrity News
February 17, 2022
SsC3dmsI6t4
Aaron Rodgers And Shailene Woodley Reportedly Break Up | TMZ LIVE
February 17, 2022
FoErdRE8Qe4
Chet Hanks Done Talking About Famous Parents, Becoming Personal Trainer | TMZ
February 16, 2022
5_UrULOkQ6o
Woman Stabbed at Foot Locker During Nike Shoe Release
February 16, 2022
TfuXMs1JdVg
Steph's Freaky Side, "Summer House" & "Love During Lockup"
February 17, 2022
9W_raO0zlA8
Tay or Nay, Offset's Sushi Anxiety & Nick on Monogamy
February 17, 2022
PauYHpJRA6o
Kim Kardashian & North West TWINNING in Matching Pajamas | E! News
February 17, 2022
b-_Oib6R108
Adam McKay - Hollywood Walk of Fame Ceremony
February 17, 2022
tYtzsHoOZzo
Tom Holland, Mark Wahlberg, and the Cast of 'Uncharted' Talk Most Challenging Stunts
February 15, 2022
d3ksX-SKi8c
Ryan Reynolds and Walker Scobell on ‘The Adam Project’, ‘Deadpool’, and Possible ‘Star Wars’ Role
February 16, 2022
5TxJsbJr9Dk
TV Schedule
Late Night Show
Watch the latest shows of U.S. top comedians

Sports

Latest sport results, news, videos, interviews and comments
Latest Events
04
May
CONCACAF CHAMPIONS LEAGUE: Playoffs
Seattle Sounders - Pumas
04
May
USA: Major League Soccer
FC Cincinnati - Toronto FC
03
May
ENGLAND: Championship
Bournemouth - Nottingham Forest
02
May
ENGLAND: Premier League
Manchester United - Brentford
02
May
ENGLAND: Championship
Fulham - Luton
02
May
SPAIN: La Liga
Getafe - Real Betis
02
May
GERMANY: Bundesliga
Bayer Leverkusen - Eintracht Frankfurt
02
May
GERMANY: Bundesliga
Borussia Monchengladbach - RB Leipzig
02
May
ITALY: Serie A
Atalanta - Salernitana
01
May
ENGLAND: Premier League
Tottenham Hotspur - Leicester City
01
May
SPAIN: La Liga
Barcelona - Mallorca
01
May
ITALY: Serie A
Roma - Bologna
01
May
ENGLAND: Premier League
West Ham United - Arsenal
01
May
ENGLAND: Premier League
Everton - Chelsea
01
May
ITALY: Serie A
Udinese - Inter Milan
01
May
ITALY: Serie A
AC Milan - Fiorentina
01
May
ITALY: Serie A
Juventus - Venezia
01
May
SPAIN: La Liga
Rayo Vallecano - Real Sociedad
30
Apr
GERMANY: Bundesliga
Mainz - Bayern Munich
30
Apr
GERMANY: Bundesliga
Borussia Dortmund - Bochum
30
Apr
ENGLAND: Premier League
Newcastle United - Liverpool
30
Apr
SPAIN: La Liga
Athletic Bilbao - Atletico Madrid
30
Apr
ENGLAND: Premier League
Leeds - Manchester City
30
Apr
SPAIN: La Liga
Real Madrid - Espanyol
30
Apr
ITALY: Serie A
Napoli - Sassuolo
28
Apr
ENGLAND: Premier League
Manchester United - Chelsea
27
Apr
CHAMPIONS LEAGUE: Semifinal
Liverpool - Villarreal
27
Apr
ITALY: Serie A
Bologna - Inter Milan
26
Apr
CHAMPIONS LEAGUE: Semifinal
Manchester City - Real Madrid
25
Apr
ITALY: Serie A
Sassuolo - Juventus
24
Apr
SPAIN: La Liga
Barcelona - Rayo Vallecano
24
Apr
ITALY: Serie A
Lazio - AC Milan
24
Apr
ENGLAND: Premier League
Liverpool - Everton
24
Apr
ENGLAND: Premier League
Chelsea - West Ham United
24
Apr
ITALY: Serie A
Empoli - Napoli
23
Apr
ENGLAND: Premier League
Brentford - Tottenham Hotspur
Find us on Instagram
at @feedimo to stay up to date with the latest.
Featured Video You Might Like
zWJ3MxW_HWA L1eLanNeZKg i1XRgbyUtOo -g9Qziqbif8 0vmRhiLHE2U JFCZUoa6MYE UfN5PCF5EUo 2PV55f3-UAg W3y9zuI_F64 -7qCxIccihU pQ9gcOoH9R8 g5MRDEXRk4k
Copyright © 2020 Feedimo. All Rights Reserved.