S&P forecasts a mild recession for Chile this year but a strong rebound in 2021

S&P Global Ratings estimated that most Latin American economies will be in recession by 2020. In the case of Chile, the rating agency estimates that the country’s economy will contract slightly by 0.2% in 2020. It also expects a strong recovery in 2021, with a projected growth of around 3%.

Source: La Tercera