Economy

The Chilean economy is expected to grow by 4% in 2018

The Chilean economy grew by 4.2% in October, compared to the same month last year, driven by trade and manufacturing. Importantly this was achieved despite a sharp drop in the mining industry, reported the Central Bank. Meanwhile, this Wednesday the monetary authority published its Monetary Policy Report in December, which estimated a growth of 4% for this year, lower than the maximum range of 4.5% predicted in September. While for 2019 it maintained its expectations of expansion between 3.25% and 4.25%; and from 2.75% to 3.75% by 2020

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Source: La Razon

Categories:Economy