INSUBCONTINENT EXCLUSIVE:
Economic Activity Indicator (Imacec), a proxy for GDP, fell by 0.3%
This drop was less severe than the forecasted 0.6%, signaling a slowdown.Interestingly, compared to last April, activity has risen by 3.5%
Unemployment decreased to 8.5%, but informal employment is increasing.The beginning of 2021 witnessed robust economic growth, the highest
(Photo Internet reproduction)April specifically saw a 2.4% decline in mining and a 1.4% drop in commerce
Conversely, retail sales in April surged, aligning with expectations.Regrettably, copper production fell short, but Finance Minister Mario
Marcel noted the copper price boost will gradually benefit the economy with immediate positive effects.These improvements include a stronger
forecast from 2.5% to 2.7%, fueled by optimism.This optimism is based on solid performances across sectors and a recent spike in copper
prices.Economic analysts have raised their forecasts to 2.5% from an earlier 1.7%
Looking forward, Chile anticipates growth in copper, lithium, and green hydrogen sectors.Last Friday was pivotal; state-owned Codelco signed
economic vitality is essential both locally and globally, particularly as a top supplier of copper and lithium.These materials are crucial
for products ranging from electronics to electric vehicles, influencing global industries.As Chile addresses these hurdles, its decisions
impact international markets and supply chains, underscoring its global economic role.
