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Montevideo, June 7th 2023 - 05:35 UTC

Tag: stagnant economy

  • Thursday, September 19th 2019 - 10:12 UTC

    Uruguay avoids recession, but the economy is stagnant

    Consumption in the private sector remained stagnant (-0.1%) compared to the same quarter last year and the investment was negative again with a 5.8% drop in the year-on-year comparison

    The Central Bank of Uruguay (BCU) released the report of the country's quarterly economic situation, which reports that the Uruguayan economy grew by only 0.1% year-on-year and 0.3% in the second quarter of the year, compared to the first three months of the year, when it registered a 0.1% drop.