Chile Information Technology Q4 2020
The economic impact of Covid-19 lockdown in Chile in the first half of 2020 led to a downward revision for the IT marketforecast in this quarterly update. The core scenario is for there to be lower levels of domestic business investment and a weakeroutlook for export industries amidst global economic uncertainty. We then expect a rebound to take place in 2021 when thedeployment of vaccine brings higher levels of IT investment as global sentiment recovers. This core scenario is, however, subject touncertainty because of the possibility of a second wave of infections, delays in the deployment of a vaccine, or economic scarringfrom the acute phase of the crisis that weighs on levels of investment and consumption over the medium term.
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