translated from Spanish: Felipe Larraín is optimistic and forecasts growth above 3% during the second half of the year

Finance Minister Felipe Larraín was optimistic and noted that the country’s economic outlook is improving despite continued tensions between the country’s two main trading partners, the United States United States and China.
“We have had slower growth as a result of this trade war, but we are in the process of improving our growth chances in the second half,” secretary of state to Bloomberg TV said on Monday. growth following the decline during the first half. The minister pointed to the eventual passage of the Trans-Pacific Partnership (TPP-11) to Congress as a possible boost for the economy.
In this sense, the head of the public finances expects economic growth of more than 3% in the second half of this year, and an expansion of between 3% and 3.5% by 2020.
Larraín’s forecast comes after the Central Bank cut the benchmark interest rate to a nine-year low this month and hinted at further reductions in an attempt to combat the slowdown in growth amid global trade tensions.
The issuer simultaneously lowered its growth forecast for 2019 for the third time and warned that inflation could again lose its target this year.
It is worth mentioning that President Sebastián Piñera began his second term in 2017 with an agenda to boost growth and investment, but to date the government has had trouble approving pro-business reforms. Key tax and pension bills stagnate while a labor reform law captures much of the attention.

Original source in Spanish