Chilean market analysts maintain 5.5% drop in GDP forecast for 2020

Chilean financial analysts are maintaining their forecast of a 5.5% drop in gross domestic product (GDP) for 2020, reported by the Central Bank of Chile. According to the bank's Economic Expectations Survey, analysts continue to expect the economy to recover with 4.5% growth in 2021 and 3% increase in 2022, as forecast in September's survey. Regarding the Monetary Policy Rate, the survey projected it will remain at 0.5% over the next 17 months, then rise to 0.75%.

Government commits to reserve 11,986 hectares in the Atacama Region

Corfo, the Ministry of National Assets and the Ministry of Energy signed a collaboration agreement to make available fiscal land to promote its development. The agreement, in which National Assets committed to set aside 11,986 hectares in the Diego de Almagro commune of the Atacama Region and to incorporate new reserve areas for green hydrogen projects, will last for two years and can be extended automatically and successively for equal periods.