Chile’s Economy Posts Back-to-Back Drops as Recovery Dims
- Economy fell 1% on month, grew 9% on year in January
- Growth faces headwinds including high inflation, uncertainty
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Chile’s economic activity dropped for the second straight month, adding to evidence that the recovery is losing steam in one of Latin America’s richest nations.
The Imacec index, a proxy for gross domestic product, fell 1% on the month in January, the central bank reported Tuesday. Activity climbed 9% from a year ago, well below the 10.7% median estimate of analysts surveyed by Bloomberg.