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LatinNews Regional Monitor: Brazil & Southern Cone - 06 December 2019

In brief: Chile’s central bank reduces growth forecast

* Chile’s central bank (BCCh) has released its latest monetary policy report (Ipom) in which it now projects 1% growth for the country in 2019, down from its forecast range of 2.25%-2.75% in the previous Ipom, published in September. GDP is expected to contract 2.5% in the fourth quarter of 2019, as a result of the ongoing social unrest which has gripped the country since mid-October. “The social crisis has generated important changes in the macro-economic scenario,” the Ipom reads, noting the negative impact on short-term economic activity, and stressing the prevailing atmosphere of uncertainty.  

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