Chile
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 2009-2010 , pp 104-109
- Publication Date: July 2010
- DOI: https://doi.org/10.18356/9ef300b7-en
- Language: English
In 2009, Chile’s economy contracted by 1.5% as a result of the global financial crisis that broke out in the last quarter of 2008. From then through the first few months of 2009, the worsening market outlook in developed countries and especially in the international financial system led to a precipitous drop in both the price and the volume of exports. Expectations for growth, employment and income worsened, and private spending on investment and consumer durables fell sharply. The GDP growth rate thus slowed considerably, resulting in a drop in production and inventories and higher unemployment.
© United Nations
ISBN (PDF):
9789210545808
Book DOI:
https://doi.org/10.18356/e4980ff6-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Chile
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