Chile's growth recovery nearly halts in Q2

Trade and monthly growth numbers show that Chile economy has deteriorated again after a modest uptick in Q4 14-Q1 15. The modest economic recovery was entirely due to the significant fiscal expansion, which has apparently not been sufficient to bring the economy back to its trend rate. 

"Our full-year growth forecast would probably need to be revised down unless external demand and investment growth improves in H2. In fact, both the government and the BCCh have recognised these risks and have reduced their growth expectations," states Societe Generale.