Chile: 2007 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Chile
IMF Staff Country Reports, September 26, 2007
Source details
- Canonical URL
- Chile: 2007 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Chile
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Bibliographic details
- Published: September 26, 2007
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451951561.002
Key findings and macroeconomic outlook
- The Chilean economy is enjoying a broad-based upswing, fueled by a strong global environment and buoyant domestic demand.
- 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.
Policy framework and stance
- The upswing is underpinned by supportive fiscal and monetary policies.
- Authorities have advanced a broad structural reform agenda.
Structural and human capital initiatives
- The government has launched initiatives to:
- boost education,
- strengthen job-specific human capital, and
- promote innovation.
Subject areas covered
- Banking
- Expenditure
- External debt
- Inflation
- Pension spending
- Prices
- Public debt
- Public expenditure review
Keywords and analytical focus
- 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
Chile: 2007 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Chile