sentences:  Vuskovic was replaced as Minister of Economy on June 17, 1972, and the Allende government announced it would default on debts owed to international creditors and foreign governments.Allende also froze all prices while raising salaries, but the damage was already done.Chile had entered a major recession, with hyperinflation, a negative growth in GDP, a lack of supplies and spare parts, as well as a state of general political and social disorder.