Economics
Chile’s GDP Gets a Jolt From Rising Mining and Investments
- 4Q GDP grew 1.3% from previous three months, 3.6% from yr ago
- Investments expanded 5.6% y/y on the back of higher confidence
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Chile’s economy surged in the fourth quarter as increases in mining output and investments set the stage for continued growth going forward.
Gross domestic product grew 1.3 percent in the fourth quarter, up from a revised 0.2 percent expansion in the three months through September. The economy expanded 3.6 percent from the fourth quarter of 2017 and 4 percent for the full year of 2018, the central bank said in a report published on its website Monday.