Reported 12 months ago
Chile's economy shrank for the third month in a row in May, showing signs of a faltering rebound following last year's stagnation. The Imacec index, a measure of gross domestic product, decreased by 0.4% in May from April, while the year-on-year growth of 1.1% fell short of analysts' expectations. The central bank's reduced dovish stance and inflation forecasts indicate ongoing challenges for the economy, with recent data showing weaker industrial production and retail sales in May.
Source: YAHOO