Page content
Uruguay in Focus – January 2014
After a stronger than expected performance in the second quarter, the Uruguayan economy decelerated in the third quarter expanding 3.3% over the same period of last year (down from 5.6% in the previous quarter).
Consequently, GDP can be expected to expand 4.1% in 2013 (final data will be released in March) if the last quarter remains flat, consolidating 11 consecutive years of steady growth.
This performance is in line with the IMF and official projection for 2013, which estimated a real expansion of 4% for 2013. Before knowing this data market, analysts surveyed by the Central Bank estimated a real growth in the level of activity of 3.6%.
Consequently, GDP can be expected to expand 4.1% in 2013 (final data will be released in March) if the last quarter remains flat, consolidating 11 consecutive years of steady growth.
This performance is in line with the IMF and official projection for 2013, which estimated a real expansion of 4% for 2013. Before knowing this data market, analysts surveyed by the Central Bank estimated a real growth in the level of activity of 3.6%.