Pinera, who was Chile’s president between 2010 and 2014, led the first round of the national elections on November 19 with 36.6% of the vote but failed to achieve the 50% needed to secure an outright victory. This has cast doubts over his prospects in the runoff vote.
Meanwhile, second-place Guillier achieved 22.7% of the vote, just over two percentage points ahead of left-wing candidate Beatriz Sanchez.
But no matter what the result of the vote in December will be, one thing seems sure: the prospects for the country’s economy are better now than when departing president Michelle Bachelet took office in 2014.
A key reason for that is the recovery in the price of copper, Chile’s main export.
Red metal prices on the London Metal Exchange
have risen by approximately 25% in 2017.