Weekly Report - 06 August 2020 (WR-20-31)

CHILE | Pandemic’s economic toll worsens. Chile’s grim economic outlook was brought into sharp focus this week as the central bank (BCCh) revealed on 3 August that the monthly index of economic activity (Imacec), a proxy for GDP growth, contracted by 12.4% in June, after the national statistics institute (INE) reported on 31 July that unemployment had reached 12.2% in the second quarter of 2020.