Chile's GDP Growth Outlook Revised Upwards
The Central Bank of Chile has adjusted its GDP growth forecast for this year to between 2.0% and 2.75%, a slight increase from its previous prediction. Projections for the following year remain steady at 1.5% to 2.5%, with inflation expected to meet targets by 2026.
- Country:
- Chile
In a recent announcement, Chile's central bank has raised its economic growth expectations for the year, forecasting GDP to grow between 2.0% and 2.75%. This marks a subtle increase from the prior estimate of 1.75% to 2.75% for 2023.
The bank maintained its economic expansion forecast for 2024, estimating growth to range from 1.5% to 2.5%. Officials emphasized that the inflation rate is projected to converge to the 3% target in the first half of 2026, following a peak of 3.7% in December.
These updates in the economic outlook reflect cautious optimism as Chile continues to navigate the global economic landscape, with a focus on stabilizing inflation and fostering sustainable growth.
(With inputs from agencies.)
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- Chile
- GDP
- growth
- central bank
- forecast
- economy
- inflation
- projection
- 2023
- 2024
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