Analysis by Region - Emerging Markets - Chile
We have cut our GDP growth forecasts for Chile by 0.2ppts to 2.2% y/y for 2024 and by 0.3ppts to 2.3% y/y for 2025. October's IMACEC activity print continued a string of disappointing results, as the mining component has failed to reflect the upturn in copper output since July and manufacturing activity has slumped since a strong mid-year gain. We've pushed back the timing of a recovery in growth, raising our 2026 growth forecast by 0.4ppts to 3.0% y/y.
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