What will Chile's economy look like in 2022?

Domestic demand, meanwhile, is now seen rising 1.3% in 2022, sharply above a previous estimate of a 1% drop from last year. The government projections come after Chile's central bank said last month the country's economy would expand between 1.5% and 2.25% this year.

Will higher copper prices boost Chile's growth in 2022?

Cerda said that 2022 growth in Chile, the world’s top copper producer, would also get a boost from higher copper prices. The finance ministry raised its average 2022 copper price projection to $4.10 per pound, from a prior view of $4.00.

Why is Chile's GDP growing so fast in 2021?

However, more than 30% of the population is economically vulnerable and income inequality remains high. Fueled by a strong fiscal response, Chile’s GDP grew at 11.7 percent in 2021, one of the fastest recoveries worldwide. Growth was driven by consumption, amid pension fund withdrawals and direct fiscal support of 9 percent of GDP.

Will Chile's new tax bill boost GDP?

A proposed tax bill that the Chilean government said would boost GDP by 4 percentage points is "ambitious butwithin reach," the OECD added. The report also noted economic opportunities in Chile, including growing demand for copper and lithium as the world transitions to renewable energy. Chile is the world's largest producer of copper.