{
  "title": "Chile: Staff Report for the 2015 Article IV Consultation",
  "publication": "IMF Staff Country Reports, August 6, 2015",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/chile-staff-report-for-the-2015-article-iv-consultation-43182",
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  "summary": "This 2015 Article IV Consultation highlights that the GDP growth of Chile has remained lackluster over the past year. The main force behind the economic slowdown in 2014 has been the sharp fall in private investment, mainly the consequence of the end of the mining boom, but also reflecting the uncer",
  "sections": [
    {
      "heading": "Growth performance and outlook",
      "content": "- GDP growth \"has remained lackluster over the past year.\"\n- The IMF staff expects growth to increase modestly to 2.5 percent in 2015.\n- Private domestic demand should strengthen somewhat in 2016, driven primarily by:\n  - \"very simulative monetary conditions\"\n  - \"a gradual recovery of business confidence\" that sustains private investment."
    },
    {
      "heading": "Main drivers of the 2014 slowdown",
      "content": "- The main force behind the economic slowdown in 2014 was \"the sharp fall in private investment.\"\n- Causes of the fall in private investment:\n  - \"the consequence of the end of the mining boom\"\n  - \"reflecting the uncertainty and adjustment costs associated with the structural reform agenda.\""
    },
    {
      "heading": "Policy stance and supportive measures",
      "content": "- Fiscal policy: \"strong fiscal support\" is cited as a main reason for the modest growth rebound in 2015.\n- Monetary policy: described as \"very simulative,\" supporting a recovery in private domestic demand and private investment."
    },
    {
      "heading": "Thematic coverage (as presented)",
      "content": "- Credit\n- Economic sectors\n- External debt\n- International organization\n- Metal prices\n- Mining sector\n- Monetary policy\n- Money\n- Prices\n- Public debt\n\nSource: Chile: Staff Report for the 2015 Article IV Consultation (IMF Staff Country Report No. 2015/227, August 6, 2015).\n\n---\n\n Content in this bundle\n\n- The Role of Domestic and External Factors in the Fall of Private Investment\n  - The Role of Domestic and External Factors in the Fall of Private Investment (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - The Role of Domestic and External Factors in the Fall of Private Investment (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
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    "Published: August 6, 2015",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513551067.002",
    "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:",
    "The main force behind the economic slowdown in 2014 was \"the sharp fall in private investment.\"",
    "Causes of the fall in private investment:",
    "Fiscal policy: \"strong fiscal support\" is cited as a main reason for the modest growth rebound in 2015.",
    "**The Role of Domestic and External Factors in the Fall of Private Investment**"
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