Economic growth remains robust in Uruguay, while inflation is at a record low, unemployment at its lowest level for a year, and the fiscal deficit falling. Given the difficulties faced by its larger neighbours (from which Argentina at least is slowly emerging), Uruguay is faring far better than it would have done in the past. What is the secret of its success? A stable government, a diversified economy, and energy self-sufficiency all help. The big challenge now is to find a new source of income to ramp up GDP growth further and shrink the fiscal deficit in line with ambitious government targets. This could soon be confirmed – in the form of a new pulp mill.End of preview - This article contains approximately 742 words.
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