Cover IMF Staff Country Reports
Buy Book in Print
Chile: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Chile
Author:
International Monetary Fund. Western Hemisphere Dept.
Search for other papers by International Monetary Fund. Western Hemisphere Dept. in
Current site
Google Scholar Close
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2016: Issue 376
Language:
English
Publication Date:
09 Dec 2016
DOI:
https://doi.org/10.5089/9781475559675.002
ISBN:
9781475559675
ISSN:
1934-7685
Pages:
84
Keywords:
ISCR; CR; expectations survey; expectation; monetary policy rate; November survey; staff appraisal; liability positions vis-à-vis nonresident; Pension spending; Credit; Global
Download PDF (2.6 MB) Download Epub
This 2016 Article IV Consultation highlights that GDP growth in Chile has been weak, with activity slowing in October. However, conditions are in place for the economy to recover. After expanding by a moderate 1.7 percent in 2016, growth is forecast to increase to 2 percent in 2017. Faster growth in main regional partners and more stable copper prices are expected to lift exports and investment. The recovery is, however, projected to be gradual, held back by slow wage and job growth and still low business confidence. The financial sector appears healthy. Banks’ profitability is declining, but capital buffers are adequate and nonperforming loan rates are low.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund