Chile | Economic activity slows down in May loosing what was gained earlier this year

The economy does not show signs of recovery and is expanding by 1.8% YoY in May (consensus: 1.5%; BBVAe: 1.9%) with no variation with respect to the end of 2015; losing what was gained at the beginning of the year. We expect growth in the Imacec of June between 1% and 1.5%, while in 2017 we forecast a GDP expansion below 2%.

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