Tuesday, 21 September 2021 10:56 GMT

Economy of Chile to decline 6 percent in 2020


(MENAFN)

The central bank of Chile released data on Tuesday saying that market analysts predict the economy of Chile to decline 6 percent in the current year 2020, which is slightly less than the estimate made in July of 6.1 percent.

According to experts, an economic expansion of 4.5 percent is predicted for 2021, unchanged from the earlier predictions, as a growth of 3.2 percent is estimated for 2022.

July is predicted to witness and economic decline of 12 percent following the 12.4 percent drop reported in June.

A 9 percent drop in expected for the economy in the third quarter of the current year, less than the -10 percent decline estimated earlier.



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