Chile’s economy has contracted for three consecutive quarters, with significant weakness in household consumption and decline in investments. The last negative figure was reported last week by the Central Bank, showing GDP contracted by -1.1% over the same period between April and June 2023. previous year.
The Executive Board of the International Monetary Fund (IMF) has approved a two-year arrangement for Chile under the Flexible Credit Line (FCL) in the amount of SDR 13.954 billion (about US$18.5 billion; 800 percent of quota).
Chile's economy has been projected to grow 11%, way above the average of 6.3% foreseen for Latin America throughout 2021 by the International Monetary Fund's (IMF) Global Economic Outlook released Tuesday.
A Chilean police officer appeared in court on Friday in the first instance of prosecutors bringing charges over eye injuries blamed on security forces during Chile's months of unrest.
Chile's central bank might sell up to US$20 billion in foreign currency interventions starting on Monday in a bid to stabilize the local currency, the monetary authority said in a statement on Thursday after the peso hit a new all-time low.
Chile's gross domestic product grew 3.3 percent in the third quarter of 2019 compared with a year earlier, the central bank said on Monday. The market had predicted relatively strong growth during the July through September period, citing improving prospects for the country's all-important mining industry.
Chile’s finance minister warned on Tuesday of the “grave consequences” for the nation’s economy of three weeks of often violent unrest after the peso slid 4% to hit a historic low against the dollar. Ignacio Briones said the weakening of the peso was a “sign of worry” that he and his colleagues were watching very carefully.
From the sky, the glistening emerald ponds of northern Chile are almost beautiful, but closer to the ground they harbor an ugly and dangerous secret: the reservoirs, filled with toxic waste from the country's mining industry, are ticking time bombs.
President Sebastián Piñera Thursday ordered his cabinet to seek ways to stop the trend, following the eighth increase in the price of petrol in as many weeks
Chile's economy is likely to grow by 3.5% this year on the back of increased confidence in a new presidential administration and in improving global economy, the future finance minister said in a local newspaper published on Sunday.