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LatinNews Daily - 19 September 2019
In brief: Uruguay’s GDP grew 0.1% in 2Q 2019.
* Uruguay’s central bank (BCU) has released a report stating that the country’s GDP grew by 0.1% in the second quarter of 2019 year-on-year, and 0.3% compared with the previous quarter. The second-quarter data confirm the Uruguayan economy has escaped recession, as it has not accumulated two consecutive quarters of decline, but remains stagnant as it alternates between rising and falling levels of activity. The BCU report recorded positive year-on-year impact in the transport, storage, and communications sector (5.5%) which contrasts with a fall in the manufacturing industry (-1.9%). The economy ministry forecasts 0.7% GDP growth for 2019.
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- In brief: Uruguay’s GDP grew 0.1% in 2Q 2019.