Chile’s economy recorded the fastest quarterly growth since 2021, when government stimulus fueled domestic demand during the pandemic, as both mining output and consumption increased while slowing inflation and falling interest rates provided much-needed relief. Gross domestic product rose 1.9% in the first quarter compared with the prior three months, a tad less than the 2% median forecast from analysts in a Bloomberg survey. From a year ago, the economy expanded 2.3%, the central bank reported on Monday.
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