Economics
Chile Economic Recovery Speeds Up as Stimulus Cash Powers Demand
- Economic activity rose 1.7% on month, 15.6% on year in Sept.
- Government aid, pension withdrawals are spurring consumption
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Chile’s economic activity rose for the fifth straight month, as billions of dollars in stimulus measures propel the recovery of one of the region’s richest nations.
The Imacec index, which is a proxy for gross domestic product, rose 1.7% in September compared to the 1.1% increase recorded the month prior, the central bank reported on Tuesday. From a year ago, activity jumped 15.6%, above the 12.3% median estimate from analysts in a Bloomberg survey.