Experts forecast economic growth of 4.9% for July

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SANTIAGO.- According to the analysts polled by Bloomberg, the Chilean economy registered a potential growth rate of 4.9% for July, while inflation is expected to have climbed 0.9% for the month of August.

The highest projection for the IMACEC (Monthly Economic Activity Indicator) was made by Celfin, which anticipated a figure of 6.5%, followed by 4Cast with 6.1%. On the other side of the spectrum, the lowest estimate was 3.1% from BNP Paribas.

The rest of the forecasts for the index were as follows: Asociación de Bancos 5,7%; JP Morgan 5,5%; Moody's Economy 5,3%; Banco BICE 5,0%; Goldman Sachs 5,0%; Santander Investment 5,0%; Citi 4,9%; Barclays Capital 4,8%; Merril Lynch 4,8%; RGE Monitor 4,7%; Banchile Inversiones 4,7%; BCI Corredores de Bolsa 4,7%; Euroamerica Corredores 4,6% and IDEAglobal 4,5%.

Meanwhile, the highest estimate for the August CPI was 1.2%, made by Santander Investment, and the lowest was 0.7% from Informa Global Markets and Moody's Economy. The remaining economists predicted inflation rates ranging from 0.9% to 1% during the eighth month of the year.

Both official figures will be released on Thursday, September 4th of this week.