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Chile’s Central Bank raises growth forecast for 2021 to 12%

RIO DE JANEIRO, BRAZIL - Chile's Central Bank on Wednesday upgraded its economic growth forecast for 2021 to a range of 11.5% to 12%, thanks to "greater dynamism in spending" with significant upward adjustments in private consumption and "investment in machinery and equipment."

"The higher domestic spending has led Chile's GDP growth to be among the highest in the world, but at the same time means that the economy is operating well above its short-term capacity," the issuing entity said in a statement.

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