Fynsa
The Chilean economy started 2026 with a 0.5% contraction, worse than expected. Sectors such as mining, agriculture, and fishing account for much of this decline, but underlying indicators point to a more challenging year than projected.
During the week, the third quarter National Accounts were published, which provide a more consolidated view of the country's recent growth figures. While on net these are good figures, they are not sustainable over time, or at least not without generating macroeconomic imbalances elsewhere.
Care must be taken when evaluating data at the margin, especially when the arguments that may be behind it are multifactorial.
We continue to believe that September would have been only the first of many months that will show negative variation
