Chile: 2014-15 baseline scenario

Summary

We correct downwards our GDP growth forecasts to 2.3% and 3.5% for 2014 and 2015 respectively. On the other hand, inflation will close 2014 at 4.2%, but migrating towards the floor of the tolerance threshold during the next year. In this way, convergence of activity and prices to their long-term expansion levels is postponed until 2016.

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