The International Monetary Fund (IMF) increased the forecast for Chile’s economic growth in 2018 from 2.5% to 3.0%, according to a report from Alejandro Werner, the director of the fund’s Western Hemisphere Department. The 2019 growth forecast is at 3.2%.
“After a slow start in 2017, growth picked up in the second half of the year, and the momentum is expected to carry over into 2018,” said Werner.
“Higher copper prices and improving business sentiment-especially after the resolution of political uncertainty related to the 2017 presidential elections-have been supporting growth,” he added.
The material has been provided by InstaForex Company – www.instaforex.com
Disclaimer: Please note all prices are for information only, they should not be relied upon for accuracy or trading. All prices quotes are based on CFD prices and are similar though not always identical to real exchange prices. STOCKTRKR or anybody connected with STOCKTRKR will not accept any liability for loss or damage arising from use of any information/commentary/charts or articles which is provided 'as is' for educational purposes only, nothing contained on this website should be considered as investment advice - please seek proper investment advice from registered financial broker or institution if you wish to trade on global markets and ensure you are familiar with the risks.
