Chile Heats Up

Fourth-quarter economic growth in Chile showed signs of heating up, coming in just ahead of the average estimates of market watchers. GDP grew 5.8%, driven by the continuing record highs of the price of copper, Chile’s main export product. The last-quarter growth took overall annual expansion to 6.3%, the fastest rate in the past eight years. (The growth figures, released Wednesday by the Central Bank, were revised up from the Bank’s earlier estimated figure of 5.2%.)