Analysis by Region - Emerging Markets - Chile

Analysis by Region - Emerging Markets - Chile



We have lowered our 2025 GDP growth forecast for Chile by 0.2ppts to 2.6% y/y as a result of slower-than-expected momentum in H2 2024. September's IMACEC monthly activity print was well below our expectation, and subsequent Q3 national accounts confirmed growth of 0.7% q/q, 0.2ppts below our forecast. We have also lowered our 2024 growth forecast by 0.1ppts to 2.4% y/y.


Chile: A weaker peso raises inflation risks
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

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