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Analysis by Region - Emerging Markets - Chile

Publisher Oxford Economics
Published Sep 22, 2025
Length 8 Pages
SKU # OFE20535990

Description

For 2025, we've kept our Chilean GDP growth forecast at 2.4%, with the latest central bank projections increasingly converging toward our view. A rebound in investment has stimulated domestic demand, offsetting the drag from net exports. Accordingly, we expect solid growth in Q3 but some deceleration toward year-end due to base effects. We remain confident in our 2.2% GDP growth forecast for 2026, supported by positive investment prospects, a buoyant tourism sector, and resilient household consumption. Nonetheless, global trade tensions continue to pose a downside risk to the outlook.

Table of Contents

8 Pages
Chile: Fiscal and political challenges lie ahead
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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