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.
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