The recent falls in global copper prices add further weight to our belief that GDP growth in Chile will be slower than most expect this year. Even so, this is unlikely to be a disaster for the economy. Indeed, to the extent that a moderate fall in metals prices dampens the risk of overheating and causes the peso to depreciate, this could lead to a much-needed rebalancing in the drivers of economic growth.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services