Brazil & Southern Cone - April 2012 (ISSN 1741-4431)

Uruguay’s economy grew by an impressive 5.7% year-on-year in 2011, according to the central bank, down from stellar growth of 8.9% in 2010. The growth figure was above the regional average for the seventh consecutive year, and came in spite of the adverse global economic context, but the government still found itself slightly on the defensive. This was because of suggestions that the economy is slowing down, a suspicion compounded by developments in neighbouring Argentina. Real GDP grew by just 3.5% year-on-year in the final quarter, the slowest growth for this period since 2006, and it contracted by 1.9% on the previous quarter.

End of preview - This article contains approximately 194 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial