Chile: 2007 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Chile

September 26, 2007

Preview Citation

Format: Chicago

Chile: 2007 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Chile, (USA: International Monetary Fund, 2007) accessed November 24, 2024

Summary

This 2007 Article IV Consultation highlights that the Chilean economy is enjoying a broad-based upswing, fueled by a strong global environment and buoyant domestic demand. Underpinned by supportive fiscal and monetary policies, GDP growth is expected to reach 5¾ percent in 2007, above the estimated potential growth rate of about 5 percent. Buoyant credit growth and strengthening labor market conditions continue to boost consumer spending and solid corporate profits. The authorities have advanced a broad structural reform agenda. The government has also launched initiatives to boost education, strengthen job-specific human capital, and promote innovation.

Subject: Banking, Expenditure, External debt, Inflation, Pension spending, Prices, Public debt, Public expenditure review

Keywords: Central government surplus, Copper price assumption, CR, GDP indicator, Global, Inflation, ISCR, Medium-term inflation expectation, Pension spending, Policy development, Public expenditure review, Report, Staff appraisal, Surplus, WEO copper price assumption

Publication Details

Pages:

49
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/333
Stock No:

1CHLEA2007003
ISBN:

9781451951561
ISSN:

1934-7685

Notes

See a Video Clip about this consultation

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