The magnitude 8.8 earthquake that struck Chile in February of 2010 was the sixth largest quake on record since 1900, and it caused an estimated $30 billion in damage (the country has a $164 billion economy). But that didn?t stop the Chilean market from gaining 28% over the past year.
And while GDP contracted 2% following the disaster, it didn?t stop the Chilean economy from growing 5.2% last year, the fastest pace in 5 years.
And now Chile is expanding at an even faster speed: GDP rose 9.8% in the first quarter this year ? the fastest pace in 15 years.
But it?s not just that Chile has managed to recently outpace other major Latin American economies. And it?s not just that Chile is expected to post the third fastest growth (at 5.9%) in South America this year (behind Peru and Argentina, according to the IMF).
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VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES UNITED ONLINE UNISYS TRIQUINT SEMICONDUCTOR TRIMBLE NAVIGATION LIMITED
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