* Chile’s Finance Minister Felipe Larraín and Budget Director Rodrigo Cerda have presented the latest quarterly report on the country’s finances which downgrade the economic growth forecast made by the government in October to 3.5% from 3.8%. Larraín accredited the economy’s weak start to a complex international situation and heavy rains in February that stalled mining production. He also noted that economic growth has appeared more subdued due to restrained inflation. Still, the report remained optimistic about Chile’s investment rates and its potential for strong growth in the second half of the year.
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