Investor Presentaiton

Ministerio de Hacienda - Gobierno de Chile The global economy is expected to contract sharply in 2020 and snapback in 2021, while Chile's Terms-of-Trade have improved throughout the year. Real GDP Growth Forecasts Percent year-on-year Year to date change in Future Prices Jan-20100, through October 7th, 2020. 10 80 -2 -4 -6 6420 ~ + 6 % -8 2020 2021 120 110 100 90 Copper Brent 120 80 m 70 60 50 40 40 110 100 90 80 70 60 60 50 40 40 30 30 30 Jan Feb Mar Apr May Jun Jul Aug Sep Oct -10 Brazil China Japan United States World Euro area Source: World Economic Outlook October, 2020, IMF. Source: Bloomberg. 12

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