The EIU* predicts that "growth will be underpinned by recovering investment and a gradually improving export performance, supported by firms seeking to take advantage of new opportunities created by existing and prospective Free Trade Agreements. Export diversification and demand from Asia will underpin export growth in the medium term".

As shown in the figures below, Chile's GDP is predicted to recover in 2010 along with the global economy.


*The Economist Inteligence Unit - July 2009 (www.eiu.com)

Given the current global economic situation, Chile has faired far better than other countries by consistently applying sound economic policies to maintain a stable economy and promote growth.

Economic Management
Chile introduced the 5th largest economic stimulus package in the world, which was equivalent to 2.8% of GDP. The stimulus was designed to foster economic growth and create employment opportunities. Key parts included easing credit lending requirements and giving tax breaks for small and medium-sized businesses, as well as allotting US$ 700 million for infrastructure upgrades.

Economic stability
Chile is a net creditor and maintains a sovereign wealth fund of approximately US$ 20 billion, which gives the country exceptional economic flexibility. As a result, it has received top credit ratings from some of the most widely recognized credit rating agencies in the world.


Sources: Standard & Poor's (www.standardandpoors.com)
Fitch (www.fitchratings.com)
Moody's (www.moodys.com)
EIU (www.eiu.com)

For more information on other economic advantages Chile has to offer please visit the Chilean Advantage section.