Chile’s Recovery Slowed Before Virus Surge and Vote Surprise
- First quarter GDP +3.2% q/q and +0.3% y/y: central bank
- Data largely predates fresh lockdowns to slow virus spread
This article is for subscribers only.
Chile’s economy grew slower than expected at the start of the year before the brunt of the second coronavirus wave slammed activity and political uncertainty soared.
Gross domestic product grew 3.2% in the first quarter from the previous three-month period, less than the 3.8% median estimate from analysts surveyed by Bloomberg. The economy expanded 0.3% from a year prior, the central bank reported on Tuesday.