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Countries In-Depth

Chilean Stocks: The Beginning Of A Structural Outperformance?

by Juan Egana, Latin America Strategist  

The Chilean economy is entering a recession. Inflation will drop rapidly and the central bank will cut rates meaningfully in H2 2023. We continue to recommend a structural overweight across Chilean risk assets on the basis of falling inflation and local yields, record cheap valuations, and dissipated political volatility.

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