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Tuesday, March 19, 2024

Chile Economy Dodges Contraction in 2023 as Slow Recovery Takes Hold

 

Chile’s economy unexpectedly posted a full-year gain for 2023 as upward revisions offset a weak fourth quarter, when a drop in mining compounded the drag from high interest rates and uneven demand. Gross domestic product rose 0.1% in the October-December period compared with the prior three months, less than the 0.2% median estimate from analysts in a Bloomberg survey, according to the central bank. Revisions to third-quarter growth however meant the economy expanded 0.2% last year, outperforming the median forecast of economists polled by Bloomberg for a drop of 0.1%.

https://www.yahoo.com/news/chile-economy-posts-weaker-expected-114508045.html

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