LatAm Daily | Economic indicators for Chile confirm our view of a 2.2% GDP growth in 2015
Published on Tuesday, September 8, 2015
LatAm Daily | Economic indicators for Chile confirm our view of a 2.2% GDP growth in 2015
Summary
Imacec grew 2.5% YoY, slightly above our expectations [BBVAe: 2.3%] due to manufacturing and services. The trade balance showed a deficit of USD62mn; and nominal wages rose 6.2% YoY driven by an increase in the minimum salary. Overall, we expect a GDP growth of 2.2% in 2015, with slacker domestic and external demand and a weaker labour market.
Geographies
- Geography Tags
- Latin America
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Cecilia Posadas
BBVA Research - Principal Economist
Enestor Dos Santos
BBVA Research - Principal Economist
Jorge Selaive
Juana Téllez
BBVA Research - Chief Economist
Carlos Serrano
BBVA Research - Chief Economist
Hugo Perea
BBVA Research - Chief Economist
Marina Conesa