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LatinNews Daily - 13 November 2018

In brief: Uruguay

* Uruguay’s national retail and services chamber (CNCS) has published a new report in which it warns that Uruguay’s domestic economy is entering a “danger zone” and could start to stagnate or even contract next year. According to the report, the current economic slowdown in Uruguay resulting from the lower demand for Uruguayan goods in Brazil and Argentina, whose respective domestic economies remain weak, is starting to affect the local job market. The report adds that Uruguay’s retail and services sector has been one of the worst affected sectors by the economic slowdown given that it is projected to post flat growth this year after solid growth in 2017. The report also accuses the Uruguayan government of not doing enough to ensure that the sector remains competitive in the current adverse economic conditions.

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