Sound economic policies, maintained consistently since the 1980s, have contributed to steady economic growth in Chile and have more than halved poverty rates. Chile began to experience a moderate economic downturn in 1999. The economy remained sluggish until 2003, when it began to show clear signs of recovery, achieving 4.0% GDP growth. The Chilean economy finished 2004 with growth of 6%. Real GDP growth reached 5.7% in 2005 before falling back to 4% in 2006. GDP expanded by 5% in 2007. Faced with the financial crisis of 2007–2008 the government announced an economic stimulus plan to spur employment and growth, and despite the Great Recession, aimed for an expansion of between 2% and 3% of GDP for 2009. Nonetheless, economic analysts disagreed with government estimates and predicted economic growth at a median of 1.5%. Real GDP growth in 2012 was 5.5%. Growth slowed to 4.1% in the first quarter of 2013.