Uruguay
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 2009-2010 , pp 141-146
- Publication Date: July 2010
- DOI: https://doi.org/10.18356/0fe7857e-en
- Language: English
Uruguay posted a 2.9% rise in GDP in 2009, making it one of the few economies in the region to remain on a growth path despite the international financial crisis. This growth was driven by private and public consumption, public investment and external demand, which offset the steep drop in private investment. The most buoyant sectors were once again transport, storage and communications, while industry contracted sharply owing to lower exports. A countercyclical fiscal policy was operated throughout 2009 to restrain demand and output. The non-financial public sector (NFPS) fiscal deficit rose to 1.6% of GDP, while the gross debt to GDP ratio of the NFPS reached 47%. Annual inflation was 5.9%, which was within the target range established in the monetary programme.
-
From This Site
/content/books/9789210545808s005-c010dcterms_title,dcterms_subject,pub_keyword-contentType:Journal -contentType:Contributor -contentType:Concept -contentType:Institution105