* 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.
End of preview - This article contains approximately 97 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options