Tag: Chile economy

• Tuesday, July 11th 2017 - 08:21 UTC

  Chile lowers growth forecast in 2017; June data showed surprise deflation of 0.4%

  

  Chile's government has cut its forecast for 2017 economic growth to 1.5% from 2.25%, Finance Minister Rodrigo Valdes said on Monday as the long-awaited recovery remains elusive.

• Tuesday, December 6th 2016 - 09:09 UTC

  Chilean economy contracts for the first time in seven years; minister blames “temporary factors”

  

  Chile's economy contracted for the first time in seven years in annual terms, as manufacturing and mining activity fell, potentially paving the way for the central bank to cut interest rates to spur growth. Economic activity fell 0.4% in October from the year-earlier month, the first annual contraction since October 2009, central bank data showed on Monday.

• Monday, May 2nd 2016 - 08:07 UTC

  Chile's economy slows down and unemployment climbs higher that forecasted

  

  Chile's jobless rate rose more than expected in the first quarter as two years of sluggish growth finally caught up with the labor market, signaling stronger headwinds for South America's wealthiest economy.

• Wednesday, May 6th 2015 - 06:34 UTC

  Despite devastating rains and floods Chile's economy grew 1.6% in March

  

  Chile's economy grew at a modest pace in March, as a gradual rebound was weighed down by devastating floods and mudslides in its northern region, central bank data showed on Tuesday. The IMACEC economic activity index, which encompasses about 90% of the economy tallied in GDP figures, rose 1.6% in March from the same month a year ago.

• Wednesday, November 19th 2014 - 07:12 UTC

  Chile grows 0.8% in Q3, and Central bank leaves basic rate unchanged at 3%

  

  Chile's economy grew 0.8% in the third quarter compared with the same period in 2013, the worst performance in five years, the Central Bank reported Tuesday. The bank also announced that the basic rate will remain unchanged at 3%.

• Tuesday, September 2nd 2014 - 08:40 UTC

  Bachelet announces stimuli program for the foundering Chilean economy

  

  President Michelle Bachelet presented on Monday a 500 million dollars emergency plan to try and rejuvenate Chile's slowing economy via investment promotion. She added that half of the anticipated funding will come from adjustments to the budget while the rest will come from greater structural income from a tax reform that Congress is expected to approve soon

• Wednesday, August 20th 2014 - 09:43 UTC

  Chile's economy cooling faster than expected: weakest pace since 2009

  

  Chile's GDP grew at its weakest pace since 2009 in the second quarter as investment waned and a previously rapid expansion in consumer spending slowed, central bank data showed. The economy grew 1.9% in the second quarter compared with a year ago, or a seasonally adjusted 0.2% compared with the first quarter.

• Wednesday, July 10th 2013 - 06:01 UTC

  Storm clouds ahead for Chilean economy as world copper prices continue to fall

  

  Chile cut its copper output forecast for the year to 5.53 million tons due to setbacks at certain mines, though production is still expected to jump from 2012 as a new deposit comes online, the mining ministry said this week.

• Wednesday, July 10th 2013 - 05:42 UTC

  Chile inflation spikes in June but ends in the first half year at 1.9%

  

  Chile's consumer inflation was up 0.6% in June, the biggest increase in eight months and slightly above expectations as costs jumped for accommodation, electricity, fuel products and water, the government said on its latest stats report.

• Wednesday, July 10th 2013 - 05:39 UTC

  IMF anticipates slower growth for Chile’s export dependent economy

  

  Growth in Chile's export-dependent economy will slow to 4.6% this year due to softer copper prices, investment and domestic demand, the IMF said in a report posted on the central bank's website earlier this week. In April, the IMF projected the economy of the world's leading copper producer would expand by 4.9% in 2013.