Chile's economy experienced back-to-back contractions in February, marking the first time since 2023 that occurred since April–May 2023. The Imacec fell 0.3% year-on-year, far below the Bloomberg consensus forecast of +1.6%, and Goods Production collapsed 3.7%, its worst reading since March 2023, due to declines in fruit harvesting, fishing, and fish-product manufacturing. This has raised concerns about the 2.4% GDP growth target set by President José Antonio Kast's new government. Mining was the only bright spot in the goods category, growing 1% on higher lithium and gold extraction. The country's overall GDP growth estimate stands at 2.3%. The Central Bank's decision to keep its current policy rate at 475% has been questioned by analysts.