IMACEC May: Expert Warns Technical Recession
13 Articles
13 Articles
The Chilean economy accumulated its fifth month without rebounds, marking a -0.9% in the IMACEC of May, according to the Central Bank. Experts warn of a possible technical recession, with researcher Valentina Apablaza pointing out that growth would be needed more than 2.2% in June to avoid this scenario. Mining has suffered significant declines, while trade shows signs of a slowdown, which could indicate a weakening in domestic demand. The natio…
The Chilean economy continues to show worrying numbers. The monthly economic activity index (Imacec) contracted 0.9% in May compared to the same month last year, driven mainly by a fall in the mining sector. The data, which was delivered this Wednesday by the Central Bank of Chile, has consolidated the threat of a technical recession, since it is the fifth month in which this index shows a figure in red.
The biministro de Economía y Minería, Daniel Mas, referred to the last Monthly Indicator of Economic Activity (Imacec), which fell again in May, completing five months of consecutive setbacks.In the same tone in which he addressed the high unemployment rate, the Secretary of State pointed out in a post on X (formerly Twitter) that the bad situation of activity (which is heading for a technical recession) is inherited from the previous government…
Chile's Imacec index fell in May for the fifth consecutive month. President José Antonio Kast acknowledged the financial warnings. Regeneración, July 1st […] The entry Chile: Economy Falls 0.9% and Approaches Recession was first published on RegeneraciónMX.
The May Imacec fell 0.9% annually and left on the table the threat of the country entering a technical recession. Mining remains the main ballast, although the comparison bases should help better figures. The problem, analysts warn, is that the weakness extends to other factors, such as domestic demand or a construction without rebound, while unemployment could approach 10% in winter. All points to the fact that the economic agenda will take the…
The Chilean economy faces a bleak panorama with five months of decline in the Imacec, while the unemployment rate reaches a maximum of five years.
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