Chile, the world’s biggest copper producer, is poised to shrug off a global economic slowdown and generate growth of more than 5 percent next year, topping analysts’ estimates, Finance Minister Felipe Larrain said.
The government of President Sebastian Pinera aims to average 6 percent annual growth over its four-year term and is developing 2012 forecasts that point to an expansion of 5 percent or “somewhat” more, Larrain, 53, said yesterday at the Bloomberg Chile Economic Summit in Santiago. The government is establishing a financial stability council made up of central bank and government experts to better coordinate economic oversight as global risks mount, Larrain said.
The government of President Sebastian Pinera aims to average 6 percent annual growth over its four-year term and is developing 2012 forecasts that point to an expansion of 5 percent or “somewhat” more, Larrain, 53, said yesterday at the Bloomberg Chile Economic Summit in Santiago. The government is establishing a financial stability council made up of central bank and government experts to better coordinate economic oversight as global risks mount, Larrain said.
