Chile cuts GDP growth estimate to 3.2% amid mining, commerce slump

Chile expects its economy to grow 3.2% in 2019, down from a previous estimate of 3.5% in April, the country's finance minister said on Tuesday, amid a drop in copper prices and falling global commerce.

Finance Minister Felipe Larrain predicted the average copper price for 2019 would fall to $2.85 per pound, dragging on the economy of the world's top producer of the red metal.