Chilean market outlook for 2021

Earlier this week, Isabel Quiroz from IQonsulting gave a presentation during an online event organized by Banco de Chile with the collaboration of Fedefruta. The title was "Our Fruit in the world ... How do our markets look for 2021?", and it addressed fundamental aspects to design future scenarios regarding the fruit exporting industry, however, there are other opinions on the same topic that will surely open a debate on the best path for the industry.

The presentation first addresses the global economy that, according to indicators, will suffer a decrease of -3.0% globally in 2020, however, it will have a significant rebound and in 2021 it will be able to enjoy a growth of 5.8%.

In the case of the US, the projected figures are negative -5.9% in 2020 and growth of 4.7% in 2021. In Europe the difference is more radical, because in 2020 its economy is expected to fall to a -7.5%, to recover in 2021, reaching a growth of 4.7%.

In the Latin American and Caribbean region, projections fluctuate between -5.2% in 2020 and a growth of 3.4% in 2021. Chile and Peru will be the countries with the best recovery, their economies will fall to -4.5% in 2020, but They will grow to 5.3% and 5.2% respectively in 2021.

Asian market grows and grows
In this world map of the post-pandemic economy, the least affected regions will be the Middle East and Central Asia, with -2.8% in 2020 and 4.0% in 2021. The sub-Saharan region of Africa will have -1.6% in 2020 and a 4.1% in 2021, and the Asian emerging or developing countries region will reach a small growth of 1.0% in 2020, which will increase in 2021 to an explosive 8.5% increase in their economies.

The International Monetary Fund (IMF) - on which the IQonsulting presentation bases its data - predicts that for China there will be no negative numbers, since its growth will fall to 1.2% in 2020, but will reach 9.2% in 2021.

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Source: Blueberries Consulting

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