Chile: Staff Report for the 2015 Article IV Consultation

IMF Staff Country Reports, August 6, 2015

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Chile: Staff Report for the 2015 Article IV Consultation

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Bibliographic details

• Published: August 6, 2015
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781513551067.002

Growth performance and outlook

• GDP growth "has remained lackluster over the past year."
• The IMF staff expects growth to increase modestly to 2.5 percent in 2015.
• Private domestic demand should strengthen somewhat in 2016, driven primarily by:
  • "very simulative monetary conditions"
  • "a gradual recovery of business confidence" that sustains private investment.

Main drivers of the 2014 slowdown

• The main force behind the economic slowdown in 2014 was "the sharp fall in private investment."
• Causes of the fall in private investment:
  • "the consequence of the end of the mining boom"
  • "reflecting the uncertainty and adjustment costs associated with the structural reform agenda."

Policy stance and supportive measures

• Fiscal policy: "strong fiscal support" is cited as a main reason for the modest growth rebound in 2015.
• Monetary policy: described as "very simulative," supporting a recovery in private domestic demand and private investment.

Thematic coverage (as presented)

• Credit
• Economic sectors
• External debt
• International organization
• Metal prices
• Mining sector
• Monetary policy
• Money
• Prices
• Public debt

Source: Chile: Staff Report for the 2015 Article IV Consultation (IMF Staff Country Report No. 2015/227, August 6, 2015).

Content in this bundle

• The Role of Domestic and External Factors in the Fall of Private Investment
  • The Role of Domestic and External Factors in the Fall of Private Investment (Markdown version)
  • The Role of Domestic and External Factors in the Fall of Private Investment (PDF)