Chilean economy will slow down “drastically” in 2020, cenbank VP

The Chilean economy will slow down drastically in 2020 and inflation in Q3 and Q4 will be close to 4%, said Vice President of Chile Central Bank, Joaquín Vial, during a seminar at the headquarters of the Central Bank of Spain in Madrid. He estimated that core inflation will increase to just over 3.5% in mid-year in response to the depreciation of the peso. GDP in 2020 will be between 0.5% and 1.5%. He also analysed the impact of social unrest at the end of last year on the country economy.

Source: Diario Financiero