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25 May 2007 Chile GDP growth accelerates Chile's GDP growth hit 5.8% year on year in the first quarter of 2007, the fastest pace of expansion since the second quarter of 2005. The increase has resulted from strong value-added output performance in mining and quarrying, in particular copper extraction. As a result, public consumption and investment will rise strongly as the government expands social spending and infrastructure investment, financed by the global copper-price windfall. This looks set to help boost the construction sector in particular.
Economic Research Unit |
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