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Chile’s Economy Edges up in First Quarter

  • Chile’s economy grew 2.3% year-on-year in the first quarter of 2025, confirming continued positive momentum.
  • This growth builds on a strong 6.6% expansion recorded in December 2024 despite challenges like U.S. Tariffs on key exports.
  • Growth drivers included trade, manufacturing, personal services, and agriculture, while mining contracted 3.6%, and financial and construction sectors also declined.
  • The economy expanded by 0.7% in the quarter, outperforming the 0.5% forecast by analysts, while the central bank kept the policy rate steady at 5%.
  • Analysts anticipate a gradual deceleration in growth as temporary factors lose influence, yet key indicators point to sustained robust activity in Chile’s economy during 2025.
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robertocavada.com broke the news in on Sunday, May 18, 2025.
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