*Uruguay’s central bank (BCU) has released new figures which show that GDP growth in the first quarter of 2024 was 0.6% year-on-year, driven by growth in electricity, gas & water (+20%) and trade, accommodation, and supply of food & drink (+2.9%), while it was partially offset by industrial manufacturing and construction, which registered yearly contractions of 10.3% and 3.8% respectively. In quarterly terms Uruguay’s economy grew 0.9% compared with the fourth quarter of 2023.
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