Economics
Chile Growth Outpaces Forecasts, Buoyed by Stimulus Spending
- GDP rose 1% in second quarter from previous period; est. +0.7%
- Stimulus and pension withdrawals countered lockdowns
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Chile’s economy beat expectations in the second quarter as billions of dollars in fiscal stimulus triggered a retail sales frenzy during the pandemic.
Gross domestic product grew 1% from the first quarter, more than the 0.7% median estimate from analysts in a Bloomberg survey. The economy expanded 18.1% from a year prior, the central bank reported on Wednesday.