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Hacienda anticipates that it will cut GDP projection 2026, after strong drop in Imacec in July
CL🏛️ PoliticsCenter6 hr. ago

Hacienda anticipates that it will cut GDP projection 2026, after strong drop in Imacec in July

The Chilean Ministry of Finance, led by Minister Jorge Quiroz, has indicated that it will revise downward its projection for GDP growth in 2026 following a significant decline in the Imacec index for July (-1.5%). This adjustment comes after Quiroz stated that the ministry will take this data into account in the upcoming Public Finance Report (IFP) set to be published in October. Despite the negative data, Quiroz maintained that future economic prospects remain positive. Former Minister Mario Marcel criticized the Imacec results, calling them 'very negative' across all metrics, and suggested that the ministry may have prematurely identified June as a turning point for the economy. Quiroz responded by emphasizing the importance of looking at long-term trends rather than short-term fluctuations, highlighting ongoing reforms and investments as positive indicators for the future.

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La Tercera logoLa TerceraIndependent🔒Center6 hr. ago
Hacienda anticipates that it will cut GDP projection 2026, after strong drop in Imacec in July

The Chilean Ministry of Finance, led by Minister Jorge Quiroz, has indicated that it will revise downward its projection for GDP growth in 2026 following a significant decline in the Imacec index for July (-1.5%). This adjustment comes after Quiroz stated that the ministry will take this data into account in the upcoming Public Finance Report (IFP) set to be published in October. Despite the negative data, Quiroz maintained that future economic prospects remain positive. Former Minister Mario Marcel criticized the Imacec results, calling them 'very negative' across all metrics, and suggested that the ministry may have prematurely identified June as a turning point for the economy. Quiroz responded by emphasizing the importance of looking at long-term trends rather than short-term fluctuations, highlighting ongoing reforms and investments as positive indicators for the future.

Bias read (Center): While the article discusses economic projections and policy responses, it presents both perspectives: the current minister's optimism and the former minister's criticism. The framing remains balanced between the two viewpoints without clear ideological leaning. The language does not strongly favor a

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