Chile’s GDP Grows 9.8%

Chile’s central bank reported that GDP grew 9.8% by the end of Q1 2011 over the year before, meeting market consensus. That is up from up from 5.8% yoy growth during Q4 2010. Growth was driven by the fishing sector (+36.6%), agriculture and forestry (+15.8 %), transportation (+14.0%), retail (+13.0%), and manufacturing (+11.1%).