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Peru's Economy Surprises with Unexpected Growth in September

1 month ago

In a noteworthy development for the South American nation, Peru's economy in September 2024 expanded at a rate that eclipsed economist predictions, signaling resilience amidst a challenging global environment. According to the latest data, the country's growth hit an impressive 3.52%, far exceeding the Wall Street Journal’s forecast, which anticipated an increase of just 2.9% for the third quarter of the year.

Chile's Economic Activity Faces Unexpected Decline for Second Consecutive Month

2 months ago

In a surprising turn of events, Chile's economy has exhibited signs of contraction for the second consecutive month, raising concerns among economists and investors alike. The latest data released by Chile's National Statistics Institute (INE) reveals that economic activity, measured by the Monthly Index of Economic Activity (IMACEC), declined by 0.4% in September compared to the previous month. This follows a similar contraction in August, leading to heightened discussions about the potential implications for the nation's economic outlook.