1945

The Uruguayan economy again made significant strides in 1997. Aggregate demand expanded vigorously, bringing GDP growth to more than 5%, while inflation, which continued to fall, reached 15%, its lowest level in 30 years. The unemployment rate was slow to react, however, and only in the last few months of the year did it decline to something on the order of 10%.

Related Subject(s): Economic and Social Development
Countries: Uruguay
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