As every year, the Swiss Embassy in Chile has published its yearly economic report on Chile:
The first year of President Bachelet’s government was marked by numerous reforms as well as an additional slowdown of economy. Economic growth, of 1.9% in 2014, was relatively weak. Long-term economic problems continue, e.g. the country’s undiversified export structure and low productivity. Inflation in 2014 was 4.6%, which is above the objective of the Central Bank. Unemployment rates were rather stable reaching a 6% at the end of the year.
Chilean Central Bank’s projections for growth for 2015 are moderate: 2.25 to 3.25 %.
Independently of the current challenges, Chile remains an interesting market with a very open economy and a stable institutional background.