Economy

Chile's Central Bank says economy will grow 8.5% to 9.5% in 2021

The bank forecasts economy to grow faster than previously predicted, buoyed by the injection of a fresh round of stimulus and the passage of a third withdrawal from private pension funds

Sede do Banco Central do Chile, em Santiago
Photo: Reuters/Ivan Alvarado

Chile‘s central bank said on Wednesday that the country’s economy will grow 8.5% to 9.5% in 2021, an expansion greater than previously forecast, driven by the injection of a new round of stimulus and the recent approval of a third withdrawal from private pension funds.

READ ALSO: Chile’s Cyberday 2021 handled $640 million in sales in three days

The bank forecasts consumer prices in the world’s largest copper producer would increase by 3.9% in 2021, according to the quarterly economic report.

Translated by LABS

Get the best insights about Latin America market in your inbox