Chile GDP Flat in Second Quarter, Joint-Weakest in the OECD
Chile's economy stagnated in the second quarter of 2026, posting zero growth and a year-on-year contraction. The figures landed in the same week that President José Antonio Kast launched a 12-member commission to cut the number of ministries and redesign the state. The post Chile GDP Flat in Second Quarter, Joint-Weakest in the OECD appeared first on The Rio Times .
Chile's economy remained stagnant in the second quarter of 2026, with no growth reported, according to data released by the OECD on Monday. This follows a 0.3 percent contraction in the first quarter of the year. The OECD's report revealed that Chile, along with Austria, Belgium, and Spain, experienced a flat second quarter, making it the weakest performer among member countries.
Ireland topped the list with a 3.9 percent growth, followed by Israel at 3.6 percent. Chile's sluggish performance is attributed to the global economic impact of the Iran conflict, despite most member economies still managing positive growth. The annual comparison highlights an even more concerning trend, with Chile's GDP shrinking by 0.3 percent over the past year, while the OECD grew by 2.3 percent.
A commission led by President José Antonio Kast has been formed to streamline the Chilean state and optimize public resources, aiming to address the country's economic weaknesses.
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