Chile Economy Shrinks Despite Investor Optimism Over Kast Government
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Article Excerpt
Chile's economy contracted in the third quarter of 2023, marking a slowdown despite investor optimism surrounding President Gabriel Boric's successor, Gonzalo Kast. The Gross Domestic Product (GDP) shrank by 1.4% compared to the previous quarter, according to data released by Chile’s National Statistics Institute.
Economic analysts attribute the contraction to various factors, including domestic and external challenges. Internally, ongoing labor disputes in key industries like copper mining have contributed significantly to economic instability. Copper accounts for a substantial portion of Ch…
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May 18, 2026