Friday , June 24 2022

Chile leads the growth of Pacific Alliance countries in the third quarter of 2018



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In the midst of a weak export scenario, the Pacific Alliance, Mexico, Colombia, Chile and Peru's Gross Domestic Product (GDP) slowed down in the third quarter, but the local economy was the best in the period.

On Monday, the Central Bank said Chile's Gross Domestic Product (GDP) slowed in the July-September period and increased by 4.5% to an increase of 4.5%. reported. and the second quarter, respectively.

This figure was preferred with the positive performance of the investment, which grew by 7.1% since the second quarter of 2013 and reversed the export brake, albeit partially.

Meanwhile, the Mexican National Institute of Statistics and Geography (Inegi) reported Friday that the economy increased 2.5% in the July-September period, compared to the same period in 2017, slightly less than 2.6% in the second quarter. The tertiary sector, which represents 60% of GDP, and includes retail and services, was realized by 3.2% expansion.

The term is the end of the uncertainty regarding the re-negotiation of the North American Free Trade Agreement (NAFTA), and Andrés Manuel López Obrador, one of the first announcements to serve as the future president of Mexico. 1st of December

In the case of Peru, the National Institute of Statistics and Informatics (INEI) reported that the economy grew by 2.3% in the third quarter. This figure represents a slowdown compared to the first and second quarter periods of 3.2%. and 5.5%, respectively.

As in the case of Mexico, the increase was explained by the positive performance of private consumption and investment due to the weakness of exports.

Last week the National Statistics Division (DANE) showed that the economy in Colombia increased by 2.7% year-on-year in the third quarter of the year, a figure below 2.8% in April-June and average market expectations, but the contraction in these shrinking sectors.

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