During the first quarter of 2018, the Chilean economy recorded an acceleration of 0.93 p.p. in its year-over-year growth rate in comparison with the previous quarter, standing at 4.18%. The y/y growth rate of domestic demand stood at 3.77% in 1Q18, decreasing by 0.21 p.p. from the previous quarter. Regarding the labor market, the unemployment rate increased compared to the fourth quarter of 2017, reaching 6.70%, and the year-over-year growth rate of employment accelerated by 0.35 p.p., standing at 2.46%. The Chilean peso appreciated against the US dollar, registering an exchange rate of 601.94 $CLP/USD. Lastly, the inflation stood at 2%.
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