Why Gabriel Borics could be the right president

Salvador He trimmed his long beard, met with large and medium-sized companies and apologized in writing for his youthful arrogance. And it worked: 56 percent of the voters voted for the former student leader Gabriel Boric – a clear victory.

The comparatively high voter turnout of over 55 percent suggests that many went to the ballot box to prevent Pinochet admirer and law-and-order representative José Antonio Kast as president. “It was the last election of the old politics and the first of a new political cycle in Chile,” says election researcher Marta Lagos.

But that is exactly what concerns the economy: entrepreneurs and investors fear that the left-wing president of Chile could jeopardize the lonely top position in the economy in Latin America. On Monday, the Chilean benchmark index fell 7.5 percent at its peak before making up for some of the losses. The Chilean peso also fell.