New Market Report Now Available: Chile Food & Drink Report Q2 2013
We continue to believe that the next several years will see Chilean real GDP growth trend lower as Chinese copper demand growth trends lower, weighing on Chilean exports and investment. We also see domestic demand trending lower in 2013 and 2014, mostly on easing investment and relatively less robust growth in private consumption. Indeed, a steady, multi-year decline in retail sales since 2010 leads us to believe that the Chilean consumer is entering a period of slower growth.
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