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The entity has increased by four tenths its growth forecast for the economy this year, at 3.8%. The figure would be higher than that of Peru, for the first time since 2004.
The International Monetary Fund has returned today to correct its growth forecast for Chile in 2018, and calculated that the $ 1 billion in GDP for the year is expected to rise. Expansion will be 3.8%, in accordance with the expectations of the Ministry of Finance
the figure is four-tenths higher than the planned entity in April and almost a point higher than that sketched in January, when the # 39; entity pariah on a 3% expansion of the domestic product. The chief economist of the entity for Latin America and the Caribbean, Alejandro Werner, wrote in the report that the improvement responds "to the strong recovery of confidence in companies and consumers, who should compensate for the blow of He added that "inflation will continue to converge gradually towards the 3% target, boosted by strong growth momentum and higher oil prices."
It must be remembered that Chile imports more than 80% of the oil that it consumes.
With this, the country is at the top of the region, surpbading the performance of all its partners in the region. Pacific Alliance: Peru would increase by 3.8%; Colombia would do it in 2.7% and Mexico in 2.3%.
The report did not release any figures for some smaller economies, including Ecuador, Paraguay or Uruguay.
The following year, meanwhile, the it has improved its forecast for Chile from one-tenth to 3.4%; it would be surpbaded by Peru (which should grow by 4.1%) and Colombia (with 3.6%), while it would surpbad Mexico (2.7%).
Similarly, the IMF has sharply reduced its growth prospects for Argentina. 2% expected in April to 0.4% this year and 3.2% to 1.5% next. Werner acknowledged the possibility of negative numbers "in the second and third quarters of 2018."
"While a drought reduced agricultural production, the pressure on the currency in May and June affected inflation and investor confidence, the authority wrote.
For the region as a whole, the outlook has also deteriorated: if, in April, the IMF forecast an expansion of 2% in 2018 and 2.8% in 2019, the figures published today indicate respectively 1, 6% and 2.6%.
In this regard, Werner wrote that The recovery has become more difficult for some of the larger economies, as country-specific vulnerabilities have exacerbated pressures on the world market. "[19659003] Thus, he noted, "financial market pressures have been particularly strong in countries with weaker economic fundamentals or political uncertainty."
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