Chile Central Bank Raises Growth, Inflation Estimates

Chile’s economy will probably expand the most in five years as it recovers from last year’s recession and February’s earthquake, the central bank said, raising its forecasts for growth and inflation this year.

Gross domestic product will likely grow 5 percent to 5.5 percent this year while annual inflation may reach 3.9 percent, the bank said in a report today. That compares with estimates of 4 percent to 5 percent GDP growth and 3.8 percent inflation in its previous monetary report published June 16.