Waiting for Consumption to Decelerate

CHILE - Report 30 Aug 2013 by Eric Parrado and Luis Cespedes (Chile)
Executive Summary During the second quarter of 2013 the Chilean economy grew 4.1 percent yoy, accumulating a 4.3 percent increase in the first half of 2013. Seasonally adjusted GDP increased 0.5 percent in 2013Q2 with respect to the previous quarter, which confirm the signs of deceleration that emerged in the first quarter of the year. Domestic demand increased by 4.5 percent yoy in the same period. The increase in domestic demand was led by private consumption, which exhibited a 7.0 percent yoy growth, and by investment with an annual growth of 9.3 percent. Exports accelerated significantl...

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