Central Bank of Chile presented economic forecasts for the country
The Chilean institution indicated that the financial panorama will go from between 4.5 % and 5.5 % to 5.75 % and 6.25 % due to the evolution of sanitary measures
The Central Bank of Chile worsened its economic forecasts for the country, going from a fall in the Gross Domestic Product (GDP) of between 4.5 % and 5.5 % projected in September to one of between 5.75 % and 6.25 %, due to the less favorable evolution of health measures, the slower recovery of activity and the traces left by the crisis.
Compared to 2021, the bank estimated growth of between 5.5 % and 6.6 %, while for 2022 it expects a rebound of between 3 % and 4 %.
In its monetary policy report, the agency detailed that all these factors have had a negative impact on the dynamism of the recovery, affecting not only aggregate demand, but also the response capacity of supply.
On the other hand, the bank stressed that the local and international economic scenario continues to be determined by the evolution of people’s mobility and its relationship with the Covid-19 pandemic.
In this context, the report maintains that economic activity will continue on a gradual recovery path and projects that around 2022 the economy will return to the levels of September 2019.
“The projected scenario considers that the evolution of the pandemic will allow to maintain levels of mobility higher than those of the middle of this year, and that during 2021 the process of vaccinating the population will advance, in accordance with what has been indicated by the authorities”, said part of the text.
K. Tovar
Source: Infobae
