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Chile registers the largest contraction since the beginning of the pandemic

Chile's economy recorded its biggest quarterly contraction since the beginning of the Covid pandemic, after both annual inflation and the benchmark interest rate reached multi-decade highs, affecting businesses and households.

The Gross Domestic Product (GDP) fell by 1.2% in the third quarter compared to the previous three months, which contrasts with the median estimate of a 1% decline by analysts surveyed by Bloomberg. In the interannual comparison, the economy . . .

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