Chile Economic Growth May Surpass 6%, Finance Minister Says
Chile’s economy grew a record 15.2 percent in March from a year earlier, when the country was recovering from an 8.8- magnitude earthquake, the central bank said on its website today. The economy expanded 0.3 percent from the previous month on a seasonally adjusted basis on gains in the manufacturing, retail, transport and aquaculture industries, the bank said.
The peso fell 0.4 percent to 467.92 per U.S. dollar at 10:06 a.m. New York time.
Chile’s economy grew 9.7 percent in the three months through March, the fastest quarterly pace in more than a decade, according to Bloomberg calculations based on central bank data.
Economic growth will slow in coming quarters as monetary and fiscal policies become less expansive, the International Monetary Fund said in a May 3 report on Latin America and the Caribbean.
Output in South America’s fifth-largest economy will rise 5.9 percent in 2011 and 4.9 percent next year, the Washington- based lender said.
That free-market approach pays, folks.
By contrast, here in the USA, new jobless claims reach 8-month high.
