Chile: 2007 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Chile
Volume/Issue:
Volume 2007
Issue 333
Publication date: September 2007
ISBN: 9781451951561
$20.00
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Topics covered in this book
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Business and Economics , Banks and Banking , Exports and Imports , Inflation , Labor , Economics- Macroeconomics , Public Finance , ISCR , CR , Medium-term inflation expectation , copper price assumption , surplus , GDP indicator , report , WEO copper price assumption , policy development , central government surplus , staff appraisal , Pension spending , Inflation , Public expenditure review , Global
Summary
This 2007 Article IV Consultation highlights that the Chilean economy is enjoying a broad-based upswing, fueled by a strong global environment and buoyant domestic demand. Underpinned by supportive fiscal and monetary policies, GDP growth is expected to reach 5¾ percent in 2007, above the estimated potential growth rate of about 5 percent. Buoyant credit growth and strengthening labor market conditions continue to boost consumer spending and solid corporate profits. The authorities have advanced a broad structural reform agenda. The government has also launched initiatives to boost education, strengthen job-specific human capital, and promote innovation.
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