Macroeconomy/Finance

World Bank forecasts 3% contraction in Chile’s GDP by 2020

The World Bank warned that Chile’s GDP will contract by 3% in 2020. The organization predicted that the effects of the global crisis caused by the Coronavirus will plunge Latin America into a recession, with a 4.6% contraction in GDP in 2020, fuelled also by poor results in previous years, protests in 2019 and falling oil prices.

Source: EMOL

Categories: Macroeconomy/Finance