International Development News
Development News Edition

Chile sees GDP growth at 3.3% in 2020 - finance minister


Chile sees GDP growth at 3.3% in 2020 - finance minister
Image Credit: ANI

Chile expects its economy to grow 2.6% in 2019, then jump to 3.3% in 2020, the country's finance minister told lawmakers on Wednesday, boosted by a rising copper price and the expectation of resolution of global trade tensions. Finance Minister Felipe Larrain estimated inflation this year at 2.2%, at the low end of the central bank's target range, rising slightly to 2.6% in 2020.

Chile, the world's top copper producer, has seen prices for its most valuable export plummet amid the still festering U.S.-China trade war. Both inflation and growth have lagged. Chile expects the copper price to hit $2.85 per pound in 2020, Larrain said.

Also Read: UPDATE 1-Chile taps China, Japan in lithium-for-tech push, faces tough sell

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


TRENDING

OPINION/BLOG/INTERVIEW

EdTech: A technical approach to flexible and cost-effective education

Its hight time for the world to go for innovative approaches like e-learning over traditional learning methods that need physical infrastructure, long-term planning, and huge investment. ...

Our school campaigns are our strongest ally: Joaquin Antuna, founder of Peace and Cooperation

Joaquin Antuna is the founder of Peace and Cooperation, a Spanish NGO which was nominated as peace messenger by the United Nations in 1986. Antuna is of very firm opinion that in order to have an incisive impact on the community we live in,...

'No escape from telephones', this 1953 prediction actually comes true

In 1953, a telephone company chief predicted that therell be no escape from telephones in the future....

With Ayodhya verdict, CJI starts clearing high profile pending cases

Ending all the speculations, the Chief Justice of India Mr. Ranjan Gogoi who is due to retire on November 17 decided to deliver the verdict in Ayodya dispute at 10.30 am on Saturday which is not a working day for the Supreme Court. This is ...

Videos

Latest News

BRIEF-Japan Airlines Announces International Network Expansion Plan

Japan Airlines Co Ltd ANNOUNCES INTERNATIONAL NETWORK EXPANSION PLAN AT TOKYOS METROPOLITAN AIRPORTS IN 2020 ANNOUNCES EXPANSION OF ITS GLOBAL NETWORK BETWEEN JAPAN AND THE U.S., FINLAND, RUSSIA, AUSTRALIA, INDIA AND CHINA CARRIER WILL FE...

Lesotho Special Permit holders encouraged to apply for new permit

The Department of Home Affairs has encouraged Lesotho Special Permit LSP holders to apply for a new permit as the LSP expires in December.The department on Monday opened for online applications and is taking in appointments for the new Leso...

Passenger vehicle retail sales jump 11 pc in Oct on festive demand: FADA

Automobile dealers body FADA on Tuesday said retail sales of passenger vehicles in October increased 11 percent to 2,48,036 units against the same period last year, driven by festive demand during the month. According to the Federation of A...

Three Australia footballers out of 2020 Olympics after Cambodia incident

Sydney, Nov 19 AFP Three Australian under-23 footballers were Tuesday banned until August next year, ruling them out of the Tokyo Olympics, following a complaint by a woman about their behaviour in Cambodia. Nathaniel Atkinson, Lachlan Wale...

Give Feedback