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Tuesday, January 3, 2023

Complicated 2023 for the Chilean economy as copper prices slide and political stability is fragile

 In early December Chile's central bank said the country's economy was set to contract between 1.75% and 0.75% in 2023, however in 2022 GDP is seen rising 2,4%, with a formidable takeoff in the first half of last year.

But now numbers collected by the National Stats Office, INE are showing the deterioration of the Chilean economy, with industrial production contracting 5% last November for the sixth month running while consumption is down 9,2

https://en.mercopress.com/2023/01/03/complicated-2023-for-the-chilean-economy-as-copper-prices-slide-and-political-stability-is-fragile

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