Chile: 2007 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Chile
September 26, 2007
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This 2007 Article IV Consultation highlights that the Chilean economy is enjoying a broad-based upswing, fueled by a strong global environment and buoyant domestic demand. Underpinned by supportive fiscal and monetary policies, GDP growth is expected to reach 5¾ percent in 2007, above the estimated potential growth rate of about 5 percent. Buoyant credit growth and strengthening labor market conditions continue to boost consumer spending and solid corporate profits. The authorities have advanced a broad structural reform agenda. The government has also launched initiatives to boost education, strengthen job-specific human capital, and promote innovation.
Subject: Banking, Expenditure, External debt, Inflation, Pension spending, Prices, Public debt, Public expenditure review
Keywords: central government surplus, copper price assumption, CR, GDP indicator, Global, Inflation, ISCR, Medium-term inflation expectation, Pension spending, policy development, Public expenditure review, report, staff appraisal, surplus, WEO copper price assumption
Pages:
49
Volume:
2007
DOI:
Issue:
333
Series:
Country Report No. 2007/333
Stock No:
1CHLEA2007003
ISBN:
9781451951561
ISSN:
1934-7685
Notes
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