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Valdés dismissed IMF estimations: “a picture that does not contain all the information”

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The financial minister, Rodrigo Valdés, belittled the predictions made by the IMF about the Chilean growth for 2016 and 2017. The international organism forecasted that Chile will grow close to a 1.5% this year.

Regarding this amount, Valdés dismissed the estimations and pointed out that the projections were probably made in January of 2016, when the economic reality was different.

“Probably they based on the reality of many weeks ago but, if you remember what happened in January, the country experienced a really low growth, promoted by the weakness of copper prices, but the conditions have improved during the last weeks”, Valdés assured.

Additionally, the minister insisted that during the last weeks the economic situation has improved, and so has the forecast of many economists. “I believe that the estimations of the IMF are not the final word”.

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