Chile economy to grow 4.5 pct in 2013 -finance minister

Reuters

VALPARAISO, Chile, Oct 1 (Reuters) - Chile's financeminister, Felipe Larrain, forecast on Tuesday that the economyof the world's top copper exporter would grow 4.5 percent in2013, lower than the government's previous estimate of 4.8percent.

After growing 5.6 percent last year, the Andean nation'seconomy has gradually slowed this year, in line with coolinginvestment, softer domestic demand and lower exports.

Presenting the 2014 budget to Congress, Larrain saiddomestic demand would grow 5.5 percent in 2013.

"This projection considers moderating GDP (gross domesticproduct), especially in domestic demand, due to lower investmentand less dynamism in exports, as well as a deceleration inemerging markets," Larrain said.

The government's new estimates are in line with the centralbank's most recent forecasts for GDP growth of 4 to 4.5 percentand an expansion of 4.9 percent in domestic demand in 2013.

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