translated from Spanish: Minister of Finance: “few countries can say that they are growing at 4% with contained inflation”

the Minister of finance, Felipe Larraín, referred to the monthly index of economic activity (Imacec) in October, which marked a crec maintenance of 4.2%, figure that stood under expected by analysts who projected around 5%.
Larraín valued economic growth and said that, despite the fall of 6.1% from the mining Imacec, “the economy continues to run, even though we don’t have a good performance in the mining sector”.
The Finance Minister also said wait the speedy recovery of the sector and pointed out that the 4% growth projected by the Central Bank to 2018, is “almost 3 times the growth of 2017”.
“This translates into more jobs, higher quality and better opportunities for Chileans” said Larrain.
The Minister also noted that in its monetary policy report (Ipom) Central Bank stipulated a range of median of 3.8% growth for 2019.
Larrain also said that “investment is pulling the economy truck”, once the Central Bank increased the numbers from 5% to 5.5% this year and 4.5% to 6% for 2019.
Of the economic figures released today, the Finance Minister also highlighted the figures of inflation, which according to the estimate of the Central Bank, will be 2.7 percent this year.
“Very few countries can say that they are growing at 4% with contained inflation,” said the Secretary of State.



Original source in Spanish

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