Chile Achieves 2.6% Economic Growth in 2024, Exceeding Expectations

INSUBCONTINENT EXCLUSIVE:
projections
particularly in mining products like copper and lithium, powered much of this economic revival
The Central Bank had initially forecast growth between 1.25% and 2.25% before revising estimates upward.The positive economic performance
coincides with successful inflation control measures
3% target
Expectations
6.5% by April 2024
These cuts improved borrowing conditions for consumers and businesses alike, stimulating domestic spending after years of
the growth as part of a broader recovery trend
lower inflation, and increased political stability.Challenges remain on the horizon, however
Political polarization and global economic uncertainties continue to pose risks to sustained recovery.