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LatinNews Regional Monitor: Brazil & Southern Cone - 17 May 2018
In brief: Uruguay
Uruguay: The central bank (BCU) has released a new report in which it estimates that the country’s GDP increased by 2% in the first quarter of the year. In its quarterly monetary policy report for the first quarter of 2018, the BCU notes that the “available indicators for the first quarter point to economic growth of around 2% year-on-year”. If the BCU’s estimation is confirmed it would provide a significant boost for the domestic economy, which posted GDP growth of 2.7% in the whole of last year.
