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LatinNews Daily - 05 November

In brief: Chile lowers GDP growth forecast due to social crisis

* The Chilean government has lowered its GDP growth forecast for the year because of the social and political crisis afflicting the country. Previously at 2.6%, the official GDP growth forecast is now 2%-2.2%. Chile’s finance minister, Ignacio Briones, said that although the latest (November) monthly economic activity index increased by 3%, the effects of the protests on the economy will become apparent in the next few economic indicator reports. Briones added that “what we expect for the fourth quarter is a totally different situation, product of the events that we’ve all known…and that will mark a decrease in economic activity”.

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