Chile's economy experienced a slight expansion of 0.1% in the fourth quarter of 2023 compared to the previous quarter, according to data released by the country's central bank on Monday, a figure slightly below market consensus. The Gross Domestic Product (GDP) of Chile, the world's most prolific copper producer, also witnessed a 0.4% year-on-year increase, surpassing the median forecast of a 0.2% rise. The quarter-on-quarter GDP growth was driven by improvements in personal services and transportation sectors.
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