* The International Monetary Fund (IMF) has sharply reduced GDP growth projections for Chile for 2020, as a result of the social unrest in the country and the policy responses to the protests.
“Following a sharp decline in late 2019, economic activity is expected to recover gradually supported by a significant fiscal expansion and looser monetary policy”, the IMF says. It now expects GDP growth in 2019 to stand at 0.9%, and projects just 1% growth for 2020 (a 2.1 percentage point reduction on the 2020 GDP growth forecast it gave in its October 2019 World Economic Outlook report).
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