New Market Study Published: Chile Business Forecast Report Q3 2013
We continue to expect a pronounced shift in the Chilean economy in 2013, and forecast real GDP growth to fall from 5.6% in 2012 to just 4.3% this year and average 4.2% from 2014-2017, which is below consensus estimates. This slowdown in growth is attributable to decelerating economic activity in China, which over the next several years will result in weakening real demand for Chilean copper exports and reduced investment into the country's mining sector.
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