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The unexpected growth of the Chilean economy moves market forecasts

Chile shows that the economic slowdown could be less aggressive in the coming months.

The monthly economic activity indicator (Imacec) expanded by 0.4% in January, leaving behind projections of a contraction for the first month of 2023.

The data gave optimism to the market, reversing yesterday's weakening of the Chilean peso in previous days.

And although Mario Marcel, Minister of Finance, asked for caution before the figure because there could still be falls during this quarter, especially in February, due to the effects of the forest fires, some analysts began to revise their estimates, at least of the . . .

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