Services

NEWS FLASH

UPCOMING WEBINAR - TURKEY: FUNDAMENTAL CHANGE OR BUSINESS AS USUAL?...

Learn More

COUNTRY INSIGHTS

Bear Story
CHILE · Report · 09 Mar 2016

On February 29, the Minister of Finance announced a fiscal adjustment package of 0.3% of GDP. When Rodrigo Valdés was appointed Minister of Finance, he promised to gradually reduce the structural deficit. The 2016 budget was designed under the requirement that the structural balance be reduced fr...

When China sneezes...
CHILE · Report · 02 Feb 2016

January’s global market volatility had strong implications for the Chilean economy.Fortunately, it appears that at least some of the turmoil was an over-reaction. We will know the actual damage to the real economy later this year, when we have data for the first quarter. In November the Monthl...

Summer is Hot, But the Economy Stays Cold
CHILE · Report · 07 Jan 2016

The Central Bank’s latest Monetary Policy Report, published in December, contains few changes in monetary policy rate (TPM) outlook from the last report, published in September, though it is slightly more hawkish. The Bank sees the negative pressure of slower growth as more than offset by peso de...

One Swallow Does Not A Summer Make
CHILE · Forecast · 03 Dec 2015

We have revised our forecasts: (i) We now expect GDP to grow 2% in 2016, down from 2.5% previously; (ii) The current account deficit will be around 2% of GDP in 2016 and will increase another percentage point of GDP in 2017; (iii) The fiscal deficit will be close to 4.0% of GDP both in 2015 and 2...

You say you'll change the constitution. Well, you know.
CHILE · Report · 04 Nov 2015

Arguing that the current constitution is illegitimate, President Michelle Bachelet has outlined the process and timeline for drafting a new one. It will consist of several stages, including public consultation and a congressional decision on an approval mechanism. While the president’s insiste...

Too skinny for a diet
CHILE · Report · 25 Sep 2015

For the past several quarters the Central Bank has faced a dilemma. On one hand, inflation has run relatively high for quite a long time. On the other, economic activity is sluggish, and there is no sign of a recovery. Apparently the Board cares more about short-run inflation; the Board announced...

Forecast update
CHILE · Report · 14 Sep 2015

A great deal of water has flowed under the bridge since our last forecast, so we decided to update it. In a nutshell: we expect lower growth and higher inflation for the next two years (at least). We are not alone. Consensus Forecasts, the government and the Central Bank have moved in the same di...

From False Dawn to Sunset?
CHILE · Report · 27 Aug 2015

The Chilean peso is fifth among the emerging market currencies that fell the most in 2015. We can divide this currency slump into two periods with different drivers and implications. The first is the period in which the US dollar appreciated vis-à-vis almost every currency in the world, and the s...

Turn back to the center?
CHILE · Report · 30 Jul 2015

Executive summary The recently appointed Minister of Finance, Rodrigo Valdés, rang the alarm: the fiscal situation is not as good as we may think. Fiscal discipline is in Valdés´s DNA. He convinced most relevant actors that there is not enough money to push the reforms as fast as previously ex...

2015 First Half Report: A False Dawn
CHILE · Report · 07 Jul 2015

Executive Summary In the first months of this year, economic data gave us some hope. But the optimism did not last long. In addition, the absence of presidential leadership during the first half of this year has been noticeable and damaging. In January we witnessed what could have been the ...

2015 First Half Report: A False Dawn
CHILE · Report · 07 Jul 2015

Executive Summary In the first months of this year, economic data gave us some hope. But the optimism did not last long. In addition, the absence of presidential leadership during the first half of this year has been noticeable and damaging. In January we witnessed what could have been the ...

I have waited so long
CHILE · Report · 15 Jun 2015

Executive summary How long are we going to wait for economic activity to go up, inflation to go down, and the Central Bank to start normalizing rates? The latest National Accounts show the economy on a seeming acceleration path. Even though this is good news, there are a few caveats to take...

Cabinet Shuffle in Chile
CHILE · Report · 12 May 2015

Cabinet shuffles are common in Chile. Indeed, most cabinets do not survive a president’s first year of office intact. In that sense yesterday’s cabinet shuffle comes as no surprise and may even be seen as slightly overdue.

Volatile Signals
CHILE · Report · 05 May 2015

Executive Summary Incoming data, especially on economic activity and consumption, must be taken with a grain of salt. This is because of the two significant natural disasters that hit the country in the past two months. Their economic impact is not easy to assess. On the consumption side, i...

Recovery or Wishful-thinking?
CHILE · Forecast · 02 Apr 2015

Executive Summary The economy continues on a slow recovery path. GDP data released this month shows that the second half of 2014 was better than the first. Consumption decelerated, but overall it has been more stable than investment. Consumption has been helped by low interest rates, low unemp...

Copyright 2024 GlobalSource Partners. All rights reserved.