Chile’s Growth Slows

Chile’s economy grew 4.4% year-on-year in July, the slowest pace in 18 months, as mining output fell and surging oil and gas prices hurt manufacturing. The country expanded 6.4% year-on-year in June. The pace of growth is likely to pick up later this year as domestic demand from businesses and consumers and private investment remain strong, the Central Bank said in a report last week.