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

International Monetary Fund

No 2007/333, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; Medium-term inflation expectation; copper price assumption; surplus; GDP indicator; report; WEO copper price assumption; policy development; central government surplus; staff appraisal; Pension spending; Inflation; Public expenditure review; Global (search for similar items in EconPapers)
Pages: 49
Date: 2007-09-26
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