Chile's Economy Posts Weakest Monthly Growth In Over Four Years

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Chile's Economy Posts Weakest Monthly Growth In Over Four Years

by Wochit 0:42 mins

Chile's Economy Posts Weakest Monthly Growth In Over Four Years

by Wochit 0:42 mins

The central bank said on Tuesday, economic activity rose 0.8 percent in June from the same month a year ago, despite one extra working day, as manufacturing, wholesale, retail and car sales all fell. It was the lowest reading since March 2010, when the South American country was dealing with the aftermath of a devastating earthquake and tsunami. Pedro Tuesta, an analyst at 4Cast said, although inflation data may provide some hesitation if it comes well above expectations, we believe the data should seal a call for a rate cut to 3.5 percent next week."

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