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Chile’s GDP Growth Slowed Down Considerably in Q4 2015

Wells Fargo Economics Group The slowdown in economic activity across the globe as well as the drop in copper prices, Chile’s main export product, continued to affect domestic economic activity.

21 March 2016

The Chilean economy grew 0.1 percent on a sequential basis in the last quarter of the year after expanding 0.3 percent during the previous quarter. However, the details are not particularly encouraging for this year’s growth expectations.

Overall, the Chilean economy performed relatively well taking into consideration the challenging regional and global economic environment. We expect the Chilean economy to continue to show a weak performance in the coming quarters, but expect conditions to improve somewhat as the global economy stabilizes and some regional economies improve their own growth prospects. However, we are not expecting the Chilean economy to return to growth rates close to 6 or 7 percent in the short to medium term.

Read the complete commentary here:  chile-q4-gdp-20160321.

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