Uruguayan economy expanded between 3% and 3.5% last year says Central bank

Monday, March 18th 2013 - 20:36 UTC

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The Uruguayan economy expanded between 3% and 3.5% last year which is below the 5.7% of 2011, mostly because of a serious drought and a deteriorating world situation, advanced the country’s Central bank president Mario Bergara. Read full article

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ChrisR
“I would say that growth last year was in the range of 3% to 3.5%”, said Bergara

But is this the inflated rate or ex-inflation.

With inflation running in excess of 9.5% in the 12 months growth of 3 or 3 1/2% is unacceptable to say the least.

I really wish that the politicians could educate themselves to ensure that we, the public get the true message, or am I being naive?
Mar 18th, 2013 - 09:03 pm - Link - Report abuse 0
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ynsere
You're being naive, at least with respect to this lot.
Mar 19th, 2013 - 01:22 am - Link - Report abuse 0
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ChrisR
2 ynsere

It was a rhetorical question but thanks for answering it! :o)
Mar 19th, 2013 - 12:15 pm - Link - Report abuse 0
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