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Latin American Economy & Business - March 2018 (ISSN 1741-7430)

Chile: Weak growth, but building in confidence

Although official full-year GDP data for 2017 is not available from the central bank until late March, the authorities have given preliminary indications of the results, suggesting a slight acceleration from 2016, but with the overall pace of growth remaining weak. The minister of finance, Macarena Lobos, stated in late February that fourth-quarter GDP growth came in at 2.9% year-on-year, representing an acceleration from 0.1% in the first quarter, 1% in the second quarter, and 2.2% in the third quarter. This would imply full-year growth of just under 1.6% year-on-year, marginally higher than the 1.5% in 2016.

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