IMF estimates 11% growth for Chile this year but 2.5% in 2022

The report adds that Latin American countries will grow more than expected this year, largely due to the rapid rise in commodity prices that underpin their exports and as the recovery, albeit uneven, from the COVID-19 pandemic progresses.

RIO DE JANEIRO, BRAZIL - In its semi-annual World Economic Outlook (WEO), the International Monetary Fund (IMF) estimated for Chile a growth of 11% in 2021 and 2.5% in 2022, supported by copper prices and the success of its COVID-19 inoculation program that has allowed it to reactivate its economy.

With this figure, which is a substantial improvement on the 6.5% estimated in April, Chile will lead regional growth this year. Still, expectations for next year decline given external effects, such as demand from China, the semi-annual report notes.

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