In Chile, the budget office lowers its GDP estimates and raises its fiscal deficit forecast for 2014
Published on Tuesday, July 15, 2014 | Updated on Wednesday, July 16, 2014
In Chile, the budget office lowers its GDP estimates and raises its fiscal deficit forecast for 2014
Summary
Chilean government expenditures should help to support aggregate activity figures in 2H14. Meanwhile the credit conditions survey revealed more restrictive conditions in both consumer loans and mortgages. In Colombia, President Santos confirmed Cárdenas as the Minister of Finance, a sign of continuity of economic policies that will likely drive a tax reform and allow the ambitious 4G infrastructure plan to continue.
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BBVA Research
BBVA Research