LatinNews Daily - 04 October 2021

In brief: Chile’s economic recovery continues

* Chile’s central bank (BCCh) has released the latest figures for its monthly index of economic activity (Imacec), which serves as a proxy for GDP. The August Imacec grew 1.1% compared with July, and 19.1% year-on-year. Chile’s economy minister, Lucas Palacios, hailed the result as exceeding expectations; the Imacec’s monthly result “confirms that this dynamism goes beyond the bases of comparison”, Palacios tweeted (a low basis of comparison for 2020 due to the coronavirus [Covid-19] pandemic has sustained high year-on-year economic performances in recent months). Palacios said that “very positive months are coming for Chile, with strong job creation”; the recent end of a nationwide curfew and reopening of the country’s borders to foreign travellers are expected to help sustain this positive trajectory of economic recovery.

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