Chile’s GDP Plunged 14,1 Percent in the Second Quarter

The country's huge mining industry was the only sector to see an increase over the period, rising 1.6 percent, buoyed by demand from China. Chile is the world's leading copper producer and mining accounts for up to 15 percent of GDP and half of the exports.

RIO DE JANEIRO, BRAZIL - Chile's gross domestic product (GDP) plunged 14.1 percent in the second quarter, the Central Bank said on Tuesday, after the coronavirus pandemic mauled economic activity with the exception of the vital mining sector. Among the worst-hit sectors were manufacturing, construction and the hotel and restaurant sector. In the first quarter, the Chilean GDP had increased slightly by 0.2 percent.

“In the second quarter of the year, economic activity decreased by 14.1 percent compared to the same period last year. ”The result is the consequence of the health emergency associated with COVID . . .

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