Uruguay
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 1995-1996 , pp 301-309
- Publication Date: December 1996
- DOI: https://doi.org/10.18356/d5ea57aa-en
- Language: English
After four years of rapid growth, the Uruguayan economy contracted by 3% in 1995 as a result of the fiscal adjustment undertaken by the Administration that took office in March and the slump in demand from Argentina. The annual rate of inflation dropped to 35%, the lowest rate since 1982, and the fiscal and external deficits narrowed. As a consequence of the recession, open unemployment rose to almost 11% and real wages declined by 3%.
© United Nations
ISBN (PDF):
9789210582995
Book DOI:
https://doi.org/10.18356/b63a7896-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Uruguay
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