During the second quarter of 2019, year-over-year GDP growth in Chile accelerated by 0.09 percentage points from 1Q19 to 2.04%. This performance was mainly explained by the behavior of the external sector, after the slowdown of imports. In the labor market, the unemployment rate increased by 0.24 p.p. with respect to the previous quarter, to 7.03% in this quarter; while employment grew at a year-over-year rate of 1.26%, which represented an acceleration of 0.51 p.p. with respect to the previous quarter. In 2Q19, inflation stood at 2.63%, after an acceleration of 0.33 p.p. with respect to 1Q19. The Chilean peso depreciated against the US dollar compared to the previous quarter. The average exchange rate of the Chilean peso was 683.94 $CLP/USD in 2Q19.
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