IMF estimates less growth (3.5%) and higher prices (7.4%) for Uruguay in 2012
The IMF has downed all growth estimates in South America because of the European dependence
If this proves to be correct Uruguay will be below the estimate growth for the South American region which has been forecasted at 3.8%. Further more together with Brazil (3%) and Paraguay (minus 1.5%), Uruguay will be among the countries with lowest growth this year while at the other end stand Peru and Bolivia with 5.5% and 5%.
However for 2013 the WEO expects the economy to recover and expand 4%,
If this proves to be correct Uruguay will be below the estimate growth for the South American region which has been forecasted at 3.8%. Further more together with Brazil (3%) and Paraguay (minus 1.5%), Uruguay will be among the countries with lowest growth this year while at the other end stand Peru and Bolivia with 5.5% and 5%.
However for 2013 the WEO expects the economy to recover and expand 4%,
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