Chile Economy Shrinks 0.2% as Mining Slump Drags Down Growth
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8 Articles
Chile's economy recorded contraction in the annual comparison in the second quarter, according to official data released on Tuesday, falling short of expectations in the face of the impact of lower copper production on the country's important mining sector. Read also: Congress of Chile approves ‘megareformo économico defended by Kast Reforma in Chile generates optimism, but does not guarantee stability to Kast The Andean nation's economy shrinke…
The investment stagnates despite the optimism that the Kast government tries to transmit with its mega-reform, while the fall in mining activity explains much of the economic downturn between April and June
Chile Economy Shrinks 0.2% as Mining Slump Drags Down Growth
Chile's GDP fell 0.2% in the second quarter as mining slumped, prompting recession talk the central bank's own quarterly data do not fully support. The post Chile Economy Shrinks 0.2% as Mining Slump Drags Down Growth appeared first on The Rio Times.
Economic activity recorded a contraction of 0.2% in annual terms during the second quarter of 2026, according to the figures published on Tuesday by the Central Bank of Chile. The first three months of the year, while the fall was preliminary of 0.5% and then corrected to 0.3%, with the country already adding a full semester with little favorable figures. The result of the second quarter was explained mainly by the fall in exports and the variat…
On Tuesday, the Central Bank published the National Accounts Report for the second quarter and reported that gross domestic product (GDP) fell 0.2% year-on-year between April and June, while the result of the first quarter was revised from a 0.5% contraction to a 0.3% contraction. Thus, the GDP [...] The Central Bank entry confirms that the economy is in recession was first published in Desenfoque.cl.
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