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Economy & Business - June 2005

CHILE: Riding the commodity boom

So far the surge in copper prices has compensated for the rise in oil prices. GDP growth this year is likely to be around 6%, while inflation is negligible. In the first five months it was 1.4%. The government's fiscal position, thanks to the exalted price of copper, is robust: the surplus could be over 2% of GDP this year. That is quite something, in an election year.

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