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Five Takeaways from Uruguay's Economic Outlook

People taking photos in Montevideo, Uruguay, where growth is estimated at 2 percent for 2019 (photo: Global_Pics/iStock)

People taking photos in Montevideo, Uruguay, where growth is estimated at 2 percent for 2019 (photo: Global_Pics/iStock)

February 22, 2019

Over the last decade and a half, Uruguay’s economy has been resilient—helping to reduce poverty and raise incomes to one of the highest levels in the region. But recently growth has moderated, and the country faces the challenges of low investment, declining employment, and an uncertain external climate, the IMF said in its annual economic review.

 

Here are five key takeaways from the latest report that shed light on Uruguay’s economic health, as well as its prospects.

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