ECLAC projects a -7.9% decline for Chile’s economy

The pandemic has not been brought under control in Latin America and the Caribbean, which lead to the region’s GDP decreasing by a historic 9.1% in 2020 and raising the unemployment rate to 13.5%, reported by ECLAC. As for Chile, the United Nations agency estimated a -7.9% decline for the local economy, compared to the 4% estimated in April. This record is more pessimistic than the Central Bank (-7.5%) and the IMF (-7.5%).

Source: EMOL