Chile: Staff Report for the 2002 Article IV Consultation

Author: International Monetary Fund

Volume/Issue: Volume 2002 Issue 155

Publication date: July 2002

ISBN: 9781451807509

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Exports and Imports , Investments and Securities-General , Labor , Economics- Macroeconomics , ISCR , CR , exchange rate , rate pass-through , exchange market intervention , interest rate , regime , policy council , policy horizon , policy development , Metal prices , Exchange rates , Exports , Global

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Nepal

Grenada

Peru

Republic of Congo : 2001 Article IV

Summary

This 2002 Article IV Consultation highlights that Chile’s economic fundamentals remain sound and have improved through the evolution of the policy regime in recent years. Yet the country is operating in a difficult environment for several years, now coping with a sequence of negative shocks. Real GDP grew by 2.8 percent in 2001, as weakening domestic demand was offset by a strong expansion of net export volumes. With a substantial decline in Chile’s terms of trade, however, the external current account deficit has widened moderately, to about 2 percent of GDP.