Economic growth moderated in 2016, reflecting weaker commodity prices and external demand, while consumer and business confidence have been fragile. Growth is projected to edge up in 2017 and 2018 as a somewhat stronger global economy underpins a gradual recovery in investment and private consumption. As the effects of past currency depreciation wear off, inflation will fall into the central bank’s tolerance range. 

©Phil Noble/Reuters

World leaders attending the UN Conference on Climate Change (COP21) in Paris know they have a rare opportunity to forge a new international agreement to combat climate change and set forth a pathway towards a low-carbon world. More ambition will be needed by all sides if global temperatures are to be prevented from rising above 2°C, the agreed threshold for preventing catastrophic climate change. But even without that target, unleashing a low-carbon future makes sense for health, costs and sustainable development.

Ministers responsible for employment from around the world gathered at the OECD on 28-29 September to discuss the jobs crisis. In our eighth OECD Observer ministers' roundtable, we ask six representatives, from Canada (co-Chair), Italy (co-Chair), Sweden (vice-Chair), France, New Zealand, and Chile, which is a candidate for OECD accession: What new policy actions are you taking to improve the jobs situation in your country?

After a euphoric decade, reforms to consolidate recent gains and confront challenges ahead are needed. Are Latin America’s economic fortunes changing? Over the last decade, policymakers and the general public became used to good news from this lively continent. Latin America was abuzz with optimism, buoyed by strong growth and rising incomes.

Chile Snapshot 2013

Find key economic figures and trends for Chile from OECD Yearbook 2013

© Sebastián Piñera

Chile and Latin America are at a historic crossroads. For Chile’s president, Sebastián Piñera, today’s new revolution in knowledge, technology and information will benefit only those countries that embrace it, but could be cruel to those who let it pass them by.

Economic data

GDP growth: +0.5% Q2 2019 year-on-year
Consumer price inflation: 1.6% September 2019 annual
Trade: -1.9% exp, -0.9% imp, Q2 2019
Unemployment: 5.1% August 2019
Last update: 6 November 2019

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