1945

During 1990 it proved possible to effect a dramatic reduction in the financial imbalance of the public sector, the balance of payments on current account again showed a surplus, and an increase in foreign reserves was recorded; however, inflation accelerated and the level of activity continued to advance sluggishly. Thus, for the third consecutive year, the economy has remained stalled, with inflation largely stimulated by the continual transfer of resources abroad, approximating 4% of GDP during the three-year period ending in 1990.

Related Subject(s): Economic and Social Development
Countries: Uruguay
/content/books/9789210601177s004-c018
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