translated from Spanish: Government assumes GDP slowdown but puts the focus on the investment: “this economy is getting standing”

A new bucket of cold water received the Government then that the Central Bank, in its national accounts report, noted that the country’s economic growth slowed in the third quarter for the first time d ince principles of 2017.
Before this, the patch before the wound, the Finance Minister, Felipe Larraín said “we have always said that there would be a moderation of growth in the third quarter because we have more demanding comparison basis,”.
The Secretary of State, optimistic as always, reiterated its forecast by pointing out that “this economy is putting foot” and that for the fourth quarter of the year “we should have stronger dynamic data”. “Keep, so far, an average annual growth of 4.2 percent”, he added.
Larrain was emphatic in pointing out that “there are very positive news in the field of investment”. And you are right, despite the poor performance revealed by the issuer, there are signs indicating that the deceleration should not last since the investment continues to increase and the labor market shows some signs of recovery.
In that sense, the Economist said that “investment in Q3 grows 7.1% and so far we have been 5.7% of investment growth, and when the year ends and let’s look at the fourth quarter, we are going to be somewhat below, but about 6% expansion of investor” version”.
His words joined by the the Minister of Economía José Ramón Valente, who also highlighted the growth that scored the investment in the third quarter, more registration since the second quarter of 2013, according to the Central Bank in its report.
“Intuition is confronted with data, and the data show that the economy has its best record in more than four years. Investment is growing at its greatest rate from 2013, the economy is expanding on average three times more than last year and, to September in twelve months, 50 thousand of quality jobs have been created,”said the Minister.
Valente claimed victory and said that the recovery of the investment is one of the mandates of the Ministry of economy, which is being led by the Office of management of sustainable projects (GPS), he recalled the authority.
“The GPS Survey has 233 projects by about $59,000 million by 2021, which would generate more than 300 thousand jobs, of which 77 thousand are direct jobs in operation and 230 thousand indirect jobs. The investment is laying the groundwork for a long-term growth, growth that will improve the quality of life of Chileans”, stressed the Secretary of State.
Both Ministers are positive facing these results and Larrain says that “we expect a recovery in the mining sector and a maintenance of the dynamism of the non-mining sectors”. “The fourth quarter will exceed the third significantly and that, in particular, the month of October will generate a very important recovery regarding which met September figures”, said the Finance Minister from the Palacio de La Moneda.

Original source in Spanish