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In the first instance, despite the Banco Central de Chile’s ongoing desire to stem inflationary expectations Links of London frontloading its rate hiking cycle having raised rates by bps in the past four months, we see little reason to alter our bullish outlook on the health of the Chilean consumer at this juncture. With unemployment set to trend steadily lower latest data from the national statistics institute show the official rate of joblessness ticking down to . in July from . a year earlier, and banks increasingly willing to extend new credit the total stock of loans in the economy expanded . in June , compared Links of London Sweetie Earrings . in May and . in January, we expect private consumption to remain a key driver of growth through the medium term. Moreover, given BMI’s Infrastructure Team’s increasingly bullish outlook on Chile over the medium term, we also expect gross fixed capital formation to help sustain relatively strong rates of economic growth over the coming quarters. In our recently released rankings of the top infrastructure Links of London Classic Oval Bangle in the world, Chile made it into the top on account of a favourable publicprivate partnership model, in addition to the fact that many major concessions are set to come to the market in the near term see our online service, August , ‘BMI’s Top Ten Infrastructure Markets’. As many of these projects are centred around the development of the country’s transportation and energy infrastructure networks, GFCF will undoubtedly play a large role in bolstering the domestic economy going forward. Net Exports Will Drag On Headline Growth While the picture emanating from Chile is certainly bullish at this juncture, we nevertheless highlight two key trends to keep in mind over the coming quarters. First, although we are certainly encouraged by these latest GDP figures, we nevertheless stress that the Chilean economic cycle is likely to reach its peak at some point in QQ, with growth set to moderate thereafter. This view is reinforced by recently released data for August , which shows Links of London Necklaces Monthly Index of Economic Activity IMACEC growing . yoy, but registering a . decline, monthonmonth, potentially indicating the beginning of a slowdown. Second, given that many of these infrastructure projects which can be found in our.