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


Reuters | Santiago | Updated: 09-07-2019 21:40 IST | Created: 09-07-2019 21:24 IST
Chile cuts GDP growth estimate to 3.2% amid mining, commerce slump
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  • Country:
  • Chile

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.

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