Chile's Kast unveils $1.3T stimulus plan as unemployment hits 9.5%

President José Antonio Kast announced the 'Chile Despega' plan at La Moneda, mobilizing ~$1.3 trillion in investment and employment measures to counter record unemployment (9.5%, above 8% for 43 consecutive months). The plan aims to create 100,000+ jobs by 2027. This is a major domestic policy response to a prolonged labor crisis, with uncertain fiscal implications and execution risk.