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Analysis by Region - Emerging Markets - Chile

Publisher Oxford Economics
Published Aug 18, 2025
Length 8 Pages
SKU # OFE20317559

Description

Our 2025 GDP growth forecast remains unchanged at 2.4%, with the consensus gradually converging toward our view. However, downside risks persist due to an unexpected slowdown in mining activity from maintenance at some sites and a recent accident that could reduce Codelco’s copper output by 25% in the coming months. We expect growth to ease slightly to 2.2%, maintaining our view that the external sector will weigh on momentum despite resilient domestic demand.

Table of Contents

8 Pages
Chile: Mining-sector recovery is key for the 2026 outlook
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
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

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