Uruguay

The Uruguayan economy recorded 4.8% growth in 1996, thus making a full recovery from the downturn experienced the year before. This increase in production was accompanied by a further fall in inflation (24%); however, no improvement was visible on the labour scene, as unemployment rose to 12.4% of the economically active population. The country's external and fiscal deficits continued to be moderate and were financed with external funds. This situation remained virtually unchanged throughout the first half of 1997, with production continuing to climb steadily, inflation declining and unemployment strongly resisting any downward pressure.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions