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.

End of preview - This article contains approximately 127 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.