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LatinNews Daily - 02 December 2020
In brief: Chile’s economic activity continues to improve
* Chile’s central bank (BCCh) has released the monthly index of economic activity (Imacec) for October which shows economic activity fell by 1.2% year-on-year. This is the smallest contraction since the onset of the coronavirus (Covid-19) pandemic in March. According to a BCCh press release the sectors that drove the fall were services and the production of goods, which fell 4.9% and 1.3% respectively. In contrast, trade was up 17%. The latest forecast by the Organisation for Economic Co-operation and Development (OECD) expects Chile’s GDP to contract by 6% in 2020.
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- In brief: Chile’s economic activity continues to improve