Free Trial

Finance Ministry Sees Q4 GDP Contracting

CHILE
  • Appearing alongside the CB governor Costa, finance minister Marcel is speaking at an investor event, stating that economic uncertainty is a top challenge. Marcel added that GDP is to be negative for Q4, with private consumption slowing down. However, investment has been better than expected and the current account deficit is to moderate in the coming quarters.
  • On inflation, he states that the stronger CLP, twinned with weaker domestic demand and lower fuel costs will tame CPI going forward. The finance minister concludes that activity is to recover after Q1 2023.
  • Elsewhere in local press, Mercurio cites the possibility for 80,000 job losses in any recession across 2023, despite Boric's comments yesterday that Chile has space for additional measures to help households.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.