Analysis by Region - Emerging Markets - Chile

Analysis by Region - Emerging Markets - Chile

We have lowered our 2024 GDP growth forecast for Chile by 0.4ppts to 2.9% y/y to reflect disappointing April IMACEC print and the effects of upcoming electricity tariff rises. However, catch up growth from the disappointing April print and the impact of slight electricity price cuts in H2 2025 prompted us to raise our 2025 GDP growth forecast by 0.2ppts to 2.6% y/y.

Chile: Electricity price rises will drive inflation higher
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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