Chile: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Chile
IMF Staff Country Reports, December 9, 2016
Source details
- Canonical URL
- Chile: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Chile
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Bibliographic details
- Published: December 9, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475559675.002
Growth outlook and projection
- GDP growth in Chile has been weak, with activity slowing in October.
- After expanding by a moderate 1.7 percent in 2016, growth is forecast to increase to 2 percent in 2017.
- Faster growth in main regional partners and more stable copper prices are expected to lift exports and investment.
- The recovery is projected to be gradual, held back by slow wage and job growth and still low business confidence.
Financial sector assessment
- The financial sector appears healthy.
- Banks’ profitability is declining, but capital buffers are adequate and nonperforming loan rates are low.
Key subjects and keywords (as listed)
- Subjects: Banking, Credit, Expenditure, Exports, Financial regulation and supervision, Labor, Money, Pension spending, Public debt
- Keywords: CR, Credit, expectation, expectations survey, Global, ISCR, liability positions vis-à-vis nonresident, monetary policy rate, November survey, Pension spending, staff appraisal