Chile Finance Chief Sees 2% Growth Amid Reform Push This Year

Jorge Quiroz during an interview in New York on May 9. — Jorge Quiroz during an interview in New York on May 9.Photographer: Victor J. Blue/Bloomberg

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By Carolina Gonzalez

May 9, 2026 at 5:55 PM UTC

Chile’s new conservative government expects the economy to grow slightly above 2% this year as it pushes pro-investment reforms and cuts spending amid the impact of the Iran war on fuel prices.

Finance Minister Jorge Quiroz reiterated on Saturday the government’s 4% growth target, while acknowledging the country will have to endure some short-term pain.