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Country Economic Forecasts > Uruguay

  • April 2017
  • -
  • Oxford Economics
  • -
  • 8 pages


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The Uruguayan economy continues to surprise on the upside. After registering a strong expansion in Q4 2016, activity increased further in January. And over the coming months, we expect a background of lower inflation and improving consumer confidence to support private spending while investment and exports will receive a boost from the emerging recoveries in Brazil and Argentina - the country's main investment and trade partners. As a result, we now expect the economy to expand by 1.8% in 2017, up from 1.3% previously.

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