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LatinNews Regional Monitor: Brazil & Southern Cone - 21 August 2018
In brief: Chile
Chile: Chile’s central bank (BCCH) has released its latest economic growth figures, which show that GDP grew by 5.3% year-on-year in the second quarter of the year, compared to 4.3% growth in January-March. Growth was recorded in all economic sectors, according to the BCCH, which highlighted the performance of the manufacturing sector and of the retail sector in particular (which posted growth rates of 7.3% and 8.1% year-on-year respectively). Domestic demand, which grew by 6% between April-June, also contributed to GDP growth. Chile’s finance minister, Felipe Larraín, highlighted the country’s positive economic growth, as well as an increase in investment, saying that “this economy is growing robustly”.
