2023-05-22 00:02:00
The deputy managing director of the International Monetary Fund (IMF), Gita Gopinath, was visiting Chile during this week and met with the Minister of Finance, Mario Marceland the president of the Central Bank, Rosanna Costawith whom he was informed, from first source, regarding the economic scenario of the country and the current challenges.
As stated Third, Gopinath stressed that the national economy has been stronger than expected in 2023.
The number two of the IMF described his visit as “buena”since it served him for “learn regarding Chile and regarding the ambitious reform agenda of the Government, and also the fight once morest inflation”.
Along these lines, Gopinath assured that “Chile is one of the countries that recovered very strongly following the pandemic. With a combination of the support policies, and also the pension withdrawals, it had a very strong recovery. Now, there is, of course, a need to stabilize the economy, given that inflation is very high. And we see that the Central Bank is doing the right thing, which is raising interest rates very strongly to signal that they plan to keep them at a restrictive level to lower inflation.”
“(In addition) there is a strong reform agenda on the part of the Government. We expect growth this year to be slower than last year given the tightening of economic policy and the strong recovery that has already occurred. But next year we expect growth to return. Let it recover a little more,” said the economist to Third.
Regarding the forecast made by the World Economic Outlook (WEO), where it was noted that Chile will be the only country in the region to experience a recession this yearthe deputy director of the IMF stated that “we must remember that Chile was one of the Latin American countries that, compared to other countries in the region, grew very strongly in the last two years.”
“So you’d expect to see some slowdown in that growth. The data we’ve seen in the first few months of this year is stronger than we expected.. Depending on how the data evolves, that is how our update will come in July,” added the economist.
On the talks of the reforms of the Government with Marcel, Gopinath affirmed that “a lot of things are being thought regarding. And The whole basic idea of having sustainable growth, with greater social equality, is very welcome, including the green agenda., which is very important for the country. So I think general principles are very important. Of course, you have to see the details.”
It was very good to meet Finance Minister Mario Marcel at @Min_Hacienda in Santiago, Chile, and discuss the country’s economic outlook and policy priorities for the period ahead. pic.twitter.com/SylJQVFIjU
— Gita Gopinath (@GitaGopinath) May 16, 2023
1684721134
#IMF #data #Chile #stronger #expected
