Reported 4 months ago
Chile’s economic activity has declined for the second month in a row, with decreases in mining and commerce indicating that the earlier growth was short-lived. The Imacec index, a GDP proxy, dropped by 0.3% in April compared to the previous month, though activity rose by 3.5% from a year ago. The country's economy is slowing down this quarter despite recent interest rate cuts and higher copper prices, with mining output being unstable and a high level of job informality pointing to ongoing labor market weaknesses.
Source: YAHOO