Chile Economic Activity Caps Second Quarter With Stronger Growth
13 Articles
13 Articles
The Central Bank reported that economic activity scored a growth of 2.4%, breaking the bad streak of five months of consecutive falls and allowing to dodge a technical recession. However, despite this upturn experts avoid anticipating that the economy is at a turning point and call for careful analysis of the figures.
The Chilean economy has rebounded after five consecutive months of falls. The Central Bank of Chile has delivered on Monday the Monthly Economic Activity Index (Imacec), which has confirmed an annual growth of 2.4% in activity compared to the same period in the previous year. The figure, which is in the high part of market expectations, is a relief because it prevents the country from entering a technical recession, which occurs when the economy…
The Monthly Economic Activity Index (Imacec), after five consecutive months of seasonalized deterioration, achieved a...
Chile Economic Activity Caps Second Quarter With Stronger Growth
Chile’s economic activity grew more than expected in June, providing President José Antonio Kast some respite at the end of an otherwise weak quarter as he moves to address headwinds such as high unemployment.
The Central Bank of Chile reported the Imacec, an indicator that measures the economic activity of the country, corresponding to June, which recorded an advance in twelve months of 2.4%, on our expectation of 1.8%. On the other hand, the Imacec No miner had a variation of 1.4% in 12 months.
Coverage Details
Bias Distribution
- 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
