World Bank projects a 5.5% growth for Chile’s GDP in 2021

The Gross Domestic Product (GDP) in Latin America and The Caribbean fell 6.7% in 2020, according to the World Bank's projection. However, the organization projects a growth of 4.4% in 2021. For Chile, the organization forecasts the country's GDP to expand 5.5% in 2021, which is an improvement compared to the previous projection (4.2%). For 2022, the World Bank estimates a growth of 3.1% and in 2023 2.5%.

Business expectations closed March with a value of 55.88 points, the highest in more than three years

The Monthly Business Confidence Indicator closed March with a value of 55.88 points, which is 0.15 points higher than February's reading. With this result being the third consecutive increase, it marks it as the highest value since February 2018 when it reached 57.38 points. However, this survey was conducted in early March which was before the increase of COVID-19 infections.