ECLAC cut its projection for Chile’s GDP growth to 1.5% during 2022 from 1.9%

The organization delivered its latest forecasts after a revision caused by the war in Ukraine. For the region, it anticipates an expansion of 1.8%, marked by a substantial increase in inflation and unemployment.

RIO DE JANEIRO, BRAZIL - The war in Ukraine provokes a new downgrade to regional economic growth projections. On April 27, the Economic Commission for Latin America and the Caribbean (ECLAC) delivered its latest estimates projecting that the region will grow 1.8% on average this 2022.

It is less than January's forecast when regional growth was estimated to be 2.1% this year.

The organization points out that the main factor for the slowdown is the complex situation due to the conflict in Russia and Ukraine, which has caused global uncertainty and an increase in volatility and financial costs . . .

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