During the fourth quarter of 2018, Chilean GDP accelerated by 0.48 p.p. its year-over-year growth, to a rate of 3.27%. This performance was mainly due to higher growth in external demand, after registering an acceleration in exports and a deceleration in imports. In the labour market, the unemployment rate decreased by 0.24 p.p. from the previous quarter to 6.93%, while the year-over-year rate of employment creation slowed by 0.21 p.p. to 0.74%. Inflation stood at 2.76% after decelerating by 0.05 p.p. compared to 3Q18. The Chilean peso depreciated against the US dollar, to an average exchange rate of 678.81 $CLP/USD in 3Q18.
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