Oct. 19 (Bloomberg) -- Chile’s Finance Minister Felipe Larrain sees a negative bias on global growth forecasts. While the probability of a 2009-like global recession is still low, the chance are growing, he told a conference in Santiago today.

Larrain attributed a decline in the price of copper, Chile’s biggest export, to slowing Chinese demand for the metal.

To contact the reporter on this story: Randall Woods in Santiago at rwoods13@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net