Bloomberg News

Chile to Grow About 4.7% in Second Half of 2011, Larrain Says

October 19, 2011

Oct. 19 (Bloomberg) -- Chile’s economy probably will expand 4.7 percent in the second half of the year and has the fiscal and monetary tools to respond to a global crisis, Finance Minister Felipe Larrain said today.

Chile “undoubtedly” won’t grow 5 percent next year if a global recession hits, he told a conference in Santiago. The government will reach its development goals even with a “restrictive” world outlook, Larrain said.

While authorities remain committed to fiscal discipline, they could protect growth, employment and investment as part of contingency measures in any global crisis, he said.

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


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