Chile expects economy to grow slightly above 2% this year
Updated
Updated · Bloomberg · May 9
Chile expects economy to grow slightly above 2% this year
3 articles · Updated · Bloomberg · May 9
Finance Minister Jorge Quiroz said the new conservative government still targets 4% growth, despite warning Chile faces short-term pain.
The outlook is tied to pro-investment reforms, spending cuts and higher copper prices, while rising fuel costs linked to the Iran war weigh on the economy.
The forecast signals a more cautious near-term view even as the government pursues a broader agenda aimed at lifting investment and strengthening growth.
With the Iran war hiking fuel costs, can Chile's austerity plan actually secure its economic future?
How will Chile's pro-investor plan avoid the historic inequality of its neoliberal past?
Can Chile's ambitious reforms succeed without a majority in its own Congress?