Financial institutions foresee a drop in GDP of 1.9% to 3%

Several financial institutions estimated that the Chilean economy will contract in 2020 in a range of 1.9% to 3%, due to the impact of the Coronavirus. Fitch Ratings estimated a drop of 1.9%, Scotiabank Economics 2.1%, BGT Pactual 2.4%, Bank of America 2.7% and Credicorp Capital projected a drop in Chilean GDP of 3%.

Source: EMOL