Market experts estimate Chile’s GDP will fall 4.8% in 2020

Market agents consulted by the Central Bank every month for the formulation of the Economic Expectations Survey, estimated that Chile’s GDP will fall 4.8% in 2020, well below the 2.7% contraction that they anticipated a month ago and even worse than the forecasts released by the World Bank (-4.3% for Chile). Regarding the growth of the 2nd quarter, the experts project that the economy will decrease by 13%, lower than the 7.4% drop that was previously anticipated in May.

Source: EMOL