Itaú BBA - Looking bright amid darkening global clouds

Scenario Review - Chile

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Looking bright amid darkening global clouds

June 7, 2018

Investment is benefitting from improved sentiment and higher copper prices

For the full version with all charts and tables, please open the attached pdf file 

• Activity is rebounding and the recovery is widespread. With confidence up, copper prices still elevated, inflation low and monetary policy still expansionary, a recovery to 3.8% this year is expected (from 1.5% last year). External factors (such as the possibility of trade wars) are the main risks for the economy.   

•Sebastian Piñera laid out his governing plan for his second term in office. As expected, simplifying the tax system, streamlining investment processes and improving pensions are high on the to-do list. Still, a number of social programs are being advanced, likely part of strategy to build rapport in Congress, given the lack of a majority for the Chile Vamos coalition.

For the full version with all charts and tables, please open the attached pdf file 



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