Elected in an economic upswing, Chile's Kast takes office as global turmoil rattles markets

SANTIAGO, (Reuters) - Elected on promises of economic growth, deregulation and public spending cuts, local markets rallied after Chile elected far-right Jose Antonio Kast as president in December, but the economic tailwinds have turned turbulent as the Iran war has sent global markets into a tailspin.

Kast, who ​takes power on Wednesday, is now in charge of managing the turmoil. A spokesperson for Kast's economic team said that no economic ‌contingencies were planned at the moment, but did not provide further details of how recent developments would impact their economic agenda. -- More...