Chile’s GDP remains stable in Q4 2020, shrinks 5.8% over year

Chile’s gross domestic product remained stable year-on-year in the fourth quarter of 2020, the central bank said, as the economy showed signs of recovery after months of coronavirus-induced crisis. Fourth-quarter GDP shot up 6.8% versus the third quarter, the bank said in a report. Including the quarterly result, the economy contracted by 5.8% overall in 2020, the bank said, as the service sector and construction fell off sharply amid the pandemic, alongside household consumption and investment.

Source: Nasdaq