IP Slowdown Not Over

October 2008 | Economic Analysis

Industrial production growth in Chile has fallen significantly in recent months, with the August contraction of 3.1% y-o-y the largest since 2002. While we see potential for industrial output to fall further over the coming months, we believe that a weaker exchange rate should provide some support, and stick with our 4.0% end-2008 real GDP growth forecast.

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