October 2, 2019 / 3:23 PM / 17 days ago

Chile sees GDP growth at 3.3% in 2020 - finance minister

SANTIAGO, Oct 2 (Reuters) - Chile expects its economy to grow 2.6% in 2019, then jump to 3.3% in 2020, the country’s finance minister told lawmakers on Wednesday, boosted by a rising copper price and the expectation of resolution of global trade tensions.

Finance Minister Felipe Larrain estimated inflation this year at 2.2%, at the low end of the central bank’s target range, rising slightly to 2.6% in 2020.

Chile, the world’s top copper producer, has seen prices for its most valuable export plummet amid the still festering U.S.-China trade war. Both inflation and growth have lagged.

Chile expects the copper price to hit $2.85 per pound in 2020, Larrain said. (Reporting by Dave Sherwood Editing by Chizu Nomiyama)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below