Small font size A Larger text size A Largest text size A

Chile's economy to contract between 1.75% and 0.75% in 2023, cenbank says

BY Reuters | ECONOMIC | 12/07/22 07:25 AM EST

SANTIAGO, Dec 7 (Reuters) - Chile's central bank on Wednesday said the country's economy is set to contract between 1.75% and 0.75% in 2023, as recession looms in the world's largest copper producer after a rapid post-pandemic recovery.

In 2022, however, the Andean nation's gross domestic product (GDP) is seen rising 2.4%, the central bank added, up from a previous estimate of 1.75% to 2.25%. (Reporting by Fabian Andres Cambero; Editing by Steven Grattan)

More Fixed Income News

Venezuela central bank's gold reserves sink 13% in 2022 BY Reuters |ECONOMIC 02/03/23 07:10 PM EST
Argentina likely to see inflation tick up this year -analysts BY Reuters |ECONOMIC 02/03/23 06:33 PM EST
Kayne Anderson NextGen Energy & Infrastructure Prices Private Placement of $40 Million of Notes BY GlobeNewswire |CORPORATE 02/03/23 06:15 PM EST
Form 424B2 ROYAL BANK OF CANADA BY EDGAR SEC Filings |ECONOMIC 02/03/23 05:16 PM EST

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article