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IMF estimates 11% growth for Chile this year but 2.5% in 2022

RIO DE JANEIRO, BRAZIL - In its semi-annual World Economic Outlook (WEO), the International Monetary Fund (IMF) estimated for Chile a growth of 11% in 2021 and 2.5% in 2022, supported by copper prices and the success of its COVID-19 inoculation program that has allowed it to reactivate its economy.

With this figure, which is a substantial improvement on the 6.5% estimated in April, Chile will lead regional growth this year. Still, expectations for next year decline given external effects, such as demand from China, the semi-annual report notes.

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