Friday 16 November 2018
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wn.com - 7 days ago

IMF Executive Board Concludes 2018 Article IV Consultation with Chile

November 9, 2018 On November 7, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1] with Chile. The Chilean economy has been recovering from a prolonged slowdown that started with the decline in copper prices in 2011 and intensified over the last few years. Reflecting a considerable rebound in both mining and non-mining, owing also to robust confidence, economic growth in the first half of 2018 has been the strongest since 2012. Headline inflation moved close to the central bank s target of 3 percent in recent months, partly driven by energy prices and peso depreciation, though core inflation has been picking up more slowly, dragged...

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