Chile's economic activity expanded 4.7 percent in December of last year compared with the same month of 2011, beating forecasts for 4.0 percent growth on the back of surging services and retail, the central bank said on Tuesday. The small, exports-dependent country's economic activity totaled 5.6 percent growth last year, defying forecasts for a harsher slowdown on the back of slowing demand from top trade partner China and fallout from the euro zone crisis.
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