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LatinNews Daily - 19 November 2021

In brief: Chile’s GDP posts strong Q3 growth

* Chile’s central bank (BCCh) has released new figures which show that the country’s GDP grew 17.2% in the third quarter of 2021 compared with the same quarter in 2020. The BCCh report noted that this stems from increased opening up of the economy following the restrictions imposed to control the coronavirus (Covid-19); economic measures taken to help households and companies; partial withdrawals from pension funds; and a low basis of comparison due the sharp drop in activity as a result of the pandemic. According to the report, economic activity was driven by services (personal services were up 24.5% and business services up 20.7%), while trade and construction also posted strong growth of 29.0% and 39.4% respectively. However, mining and the agricultural-forestry sectors posted declines of 3.8% and 4.0% respectively. According to seasonally-adjusted figures, economic activity in Q3 grew 4.9% compared with the previous quarter.

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