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Chile Economic Activity Drops in Month Following Huge Blackout

Chile Economic Activity Drops in Month Following Huge Blackout

Bloomberg01-04-2025
Chile's economic activity dropped for the first time in three months in February, reflecting the hit from from a nationwide electricity blackout that dented output from the nation's giant copper mines.
The Imacec index, a proxy for gross domestic product, fell 0.5% from January, versus the median estimate for a 0.1% increase from analysts in a Bloomberg survey. Activity declined 0.1% from the prior year, the first annual drop since June, the central bank said on Tuesday.
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