World’s Top Copper Producer Beats Analyst Growth Expectations

Bloomberg reported that, while much of the rest of the world is in economic crisis, Chile continues to grow beyond analyst expectations, in part due to a robust copper industry.

As quoted in the market report:

Chile’s economy was one of the 10 fastest-growing in the world for the first half of this year. The economy in 2012 will expand “slightly” more than 5 percent, said Larrain. Falling unemployment, rising wages and growing investment are driving expansion, even as the Euro regions struggles to resume growth and the so-called fiscal cliff threatens to tip the U.S. into recession, he said.

To view the whole Bloomberg report, click here.