Chile’s economy will see a sharp contraction in 2020. The economy will be dragged down by the impact of the economic and social measures taken to contain the spread of the Coronavirus (COVID-19). After the virus is contained, supportive fiscal and monetary policies will contribute positively to the economy; but political uncertainty and a slowdown in the external sector will take their toll. Real GDP will bounce back to grow by 4.0% in 2021 and then fall to around 3.0% per year in 2024-2027.
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Country Profiles examine the economic and political trends in 210 countries and associated regions, serving as a one-stop-shop for data and analysis on the economy, political landscape and the business environment. This report series allows you to understand the macro-economic environment as a basis for strategic planning.
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