Chile’s Much-Heralded Recovery Remains an Elusive Hope: Chart

A year and a half after Chile’s Deputy Finance Minister Alejandro Micco said he could see the “green shoots” of recovery, and seven months after his boss Rodrigo Valdes said the economy had passed its “low point,” Chile’s economy remains in the doldrums. Increased fiscal spending has failed to revive consumer demand, while the mining industry remains depressed following a slump in copper prices. Monday’s economic activity report for July showed the slowest growth for two years, providing little hope that the long-forecast recovery will come any time soon.

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