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)

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