World Bank worsens to -6.3% contraction of Chilean GDP in 2020

The World Bank has worsened its projections for the Chilean economy and forecasts a 6.3% drop in activity by 2020. The figure represents a significant increase from the 4.2% drop projected last June. For next year, the international organisation foresees a rise in the country’s GDP of 4.2%, improving on the 3.1% forecast four months ago. While for 2022, it estimates a growth of 3.1%.

Source: Emol