Centre-right ex-president Sebastián Piñera won yesterday’s election in Chile but by a smaller margin than expected and will now face Alejandro Guillier in a second-round run-off on 17th December. While our base case remains that Mr. Piñera will prevail, a weak showing in yesterday’s legislative elections could hinder his economic reform agenda. In this Update, we highlight five key takeaways from the vote.
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