Economists Forecast Dismal Year for Latin American Economies, Especially Chile
- Lower growth in most of the region expected for 2023
- Chile’s economy predicted to contract by one percentage point
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Latin America’s major economies are forecast to suffer a sharp growth slowdown this year, with Chile hardest hit, according to the latest survey conducted by Bloomberg News.
The region’s largest economy, Brazil, will expand just 0.8%, while Chile’s will contract 1%, according to the average estimate of economists in the poll. Much of the slowdown is due to increases in interest rates as central banks sought to rein in soaring inflation.