Chile’s GDP rises 0.4% in the first quarter

Chile’s GDP rose 0.4% year-on-year in the first quarter. Domestic demand fell by 2.6% in the first three months of the year, while the mining sector of the world’s largest copper producer rose by 5.1%. The Central Bank predicts that the Chilean economy will shrink between 1.5 and 2.5% this year due to the pandemic, while the government estimates a fall of 2%.

Source: Reuters