July 30, 2021

The IMF forecasts a growth of 4% in Chile in 2018 and 3.4% in 2019

The IMF forecasts a growth of 4% in Chile in 2018 and 3.4% in 2019

The International Monetary Fund (IMF) forecasts that the Chilean economy will grow 4% this year and 3.4% in 2019.

This is reflected in the report "Global Economic Perspectives", presented today in the Indonesian city of Bali, in which the body ratifies the figures of the so-called Chapter IV, a document that annually reviews the Chilean economy and that was disseminated last September.

The 4% expected by the IMF for this 2018 is the highest growth rate of the Chilean gross domestic product (GDP) since 2013, when the country's economy expanded by 4.1%.

It is also above the 1.2% that the IMF projects for Latin America and the Caribbean as a whole.

During the last four years (2014-2017), the average growth of Chilean GDP has been 1.7%.

The IMF forecast is in line with that of the Chilean Central Bank, which in its last Monetary Policy Report (IPoM), on September 5, raised its projection to a range of between 4 and 4.5%.

According to the IMF, in 2019 the Chilean economy will slow down and close with a growth of 3.4%, while in 2023 it will expand by 3%.

Regarding inflation, the IMF forecasts that it will close the year at 2.9%, six tenths more than the 2.3% registered in 2017, and in 2019 it will reach 3%, the average of the Central Bank's target range between 2% and 4% for a two-year horizon.

The agency also calculates that Chile's current account balance will register a deficit of 2.5% this year and 2.7% in 2019.


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