Chile Food & Drink Report Q1 2013 - New Market Report Now Available
We believe the impact of a Chinese hard landing will lead to slower Chilean real GDP growth. That said, private consumption has continued to perform well; we expected it to grow 5.3% in 2012. Unemployment has so far stayed lower than we expected, while real wages also are continuing to grow. Supporting the increase in private consumer spending has been steady growth in bank loans, a trend we expect to be sustained through 2013. Indeed, a cut to the monetary...
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