Page "Economy of Chile" Paragraph 24

Faced with an international economic downturn the government announced a $ 4 billion economic stimulus plan to spur employment and growth, and despite the global financial crisis, aimed for an expansion of between 2 percent and 3 percent of GDP for 2009.

Nonetheless, economic analysts disagreed with government estimates and predicted economic growth at a median of 1. 5 percent.

According to the CIA World FactBook, the GDP contracted an estimated-1. 7 % in 2009.