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Jorge Selaive: “The Chilean Economy Is Going to Have a Recession This Year”

Summary by La Tercera
Without ambiguity, the chief economist of Scotiabank believes that in 2026 the country will have the fourth contraction of GDP since 1999, but anticipates a recovery towards the last quarter and a growth rebound of 3.5% by 2027. He also estimates that the unemployment rate could record a new increase in the next record and that there is a risk of inflationary “declamation” in the coming months. “This would force the BC, if that is concrete, to r…

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Without ambiguity, the chief economist of Scotiabank believes that in 2026 the country will have the fourth contraction of GDP since 1999, but anticipates a recovery towards the last quarter and a growth rebound of 3.5% by 2027. He also estimates that the unemployment rate could record a new increase in the next record and that there is a risk of inflationary “declamation” in the coming months. “This would force the BC, if that is concrete, to r…

·Las Condes, Chile
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La Tercera broke the news in Las Condes, Chile on Sunday, October 4, 2026.
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