Chile cuts 2026 growth forecast, raises copper price view
Chuquicamata, the world’s biggest open pit copper mine, in Calama, Chile. Stock image.
Chile’s government cut its 2026 gross domestic product growth forecast to 1.8% from a previous 2.1%, according to its second-quarter public finance report, and said it expects average annual inflation of 3.6% in 2026, versus 3.7% in its prior estimate.
The report also raised its forecast for copper prices to an average of $5.90 per pound this year from $5.46 previously, for the metal of which Chile is the world’s largest producer.
(Reporting by Fabian Cambero; Editing by Kylie Madry)
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