Lower growth in China could reduce Chile’s GDP below 1%

China’s GDP could be as low as 4.9%, according to the OECD and that could bring Chile’s GDP below 1%. In January, Chile grew at a rate of 1.5%, exceeding expectations, but given the slowdown in the Chinese economy and the dependence on Chilean exports to that market, specialists expect there could be an impact of at least three tenths on GDP. Some 25% of Chilean exports are destined for China.

Source: Diario Financiero