Analysis by Region - Emerging Markets - Chile

Analysis by Region - Emerging Markets - Chile

We have raised our 2024 GDP growth forecast for Chile by 1ppt to 3.3% y/y. A second strong monthly IMACEC print for February supports our cautiously optimistic outlook for 2024. Much of the strength this year has been due to the recovery of the mining sector, but the expansion is also broader based across sectors, with support from strong government spending.

Chile: inflation to remain subdued, even with growth upgrade
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
Economic development
Structure of the economy
Balance of payments and Structure of trade

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