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Chile's economy still growing below trend

The Chilean economy grew at 2.9% yoy in December and 2.7% in January - both figures arebelow trend - as a base effect sharply pulled up export growth. However, growth has limited upside in the medium term as the outlook …

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The Chilean economy grew at 2.9% yoy in December and 2.7% in January - both figures arebelow trend - as a base effect sharply pulled up export growth. 

However, growth has limited upside in the medium term as the outlook for external demand remains challenging and investment in the mining sector continues to fall.

Societe Generale notes ...

The Chile's economy will likely grow below trend in 2015. 

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