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Macro - Country Economic Forecasts - Chile

Publisher Oxford Economics
Published May 10, 2022
Length 9 Pages
SKU # OFE17167582

Description

Macro - Country Economic Forecasts - Chile

We've raised our 2022 GDP growth forecast for Chile by 0.5ppts to 1.5% to reflect stronger-than-expected data for March, suggesting a much better carry-over for the rest of the year. Yet the economy is still set to face a technical recession this year, as inflation is expected to erode real wages and monetary tightening will squeeze credit access, a combination that will keep private consumption momentum weak for the rest of this year. Growth should regain a more sustainable pace of about 2%-2.5% pa by 2024.

Table of Contents

9 Pages
Chile: Record breaking inflation to prolong monetary tightening
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

Pricing

Currency Rates
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