A Slowing Economy

CHILE - Report 28 Mar 2014 by Alberto Etchegaray
Executive Summary Signs of moderation persist, pointing to an undeniable slowdown. According to the Central Bank, the monthly economic activity index (IMACEC) grew only 1.4% in twelve months in January, below market expectations. Meanwhile, the seasonally adjusted series fell 0.6% with respect to the previous month, scoring a 1.4% increase when compared to the same month of 2012. At the same time, a slowdown in private consumption can be foreseen. The labor market, which seemed immune to the southern hemisphere winter and showed a solid performance during much of 2013, has begun to demonstr...

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