Chile's economy shrunk 2.3% in the fourth quarter of 2022 from a year earlier, central bank data showed on Monday.

The market expected a 1.6% drop between October and December.

Gross domestic product (GDP) also showed a 0.1% growth from the previous three months in seasonally adjusted terms, whereas economists had expected a 0.6% growth. (Reporting by Fabian Andres Cambero; Editing by Steven Grattan)