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LatinNews Daily - 05 May 2020
In brief: Chile’s economic activity slumps in March
* Chile’s central bank (BCCh) has released the figures of the monthly economic activity index (Imacec) for March 2020, according to which monthly economic activity fell 3.5% compared with March 2019. The mining Imacec grew 0.8% while the non-mining Imacec fell 4% due to the impact of measures adopted to mitigate the spread of coronavirus (Covid-19). The BCCh highlights that the activities most affected were services (transport, education, restaurants and hotels) and trade. In its latest projections, the United Nations Economic Commission for Latin America & the Caribbean is forecasting that Chile’s GDP will contract 4% in 2020.
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- In brief: Chile’s economic activity slumps in March