Uruguay Economy to Grow 2.6%
Uruguay Economy to Grow 2.6%

Uruguay Economy to Grow 2.6%

Uruguay Economy to Grow 2.6%

Uruguay’s economy will grow 2.6% in 2018, led by investment and exports, and completion of a third cellulose processing plant in the country will be a key factor in this growth, BBVA Research Argentina chief economist Gloria Sorensen said Thursday, Business News Americas reported. Finland’s UPM is expected to move ahead with construction of a new cellulose plant in Uruguay, the second built by the company and the third in the South American country. The plant, Sorensen said, will be “much bigger” than the two older facilities and “would add more than one percentage point to the economy’s growth.” Uruguay’s gross domestic product is expected to expand 1.3% this year as a result of improving confidence at the end of 2016 along with a strengthening currency, low inflation and improved purchasing power, Sorensen said. “We expect this trend to continue the rest of the year with a relative improvement of real wages and expanding credit leading to a 1.3% GDP increase,” the BBVA economist said.


Short URL : https://goo.gl/xkgQSv
  1. https://goo.gl/C2L7iH
  • https://goo.gl/kaNlze
  • https://goo.gl/a0F85M
  • https://goo.gl/xBuPq6
  • https://goo.gl/aY5EVf

You can also read ...

Both, Russia and China, have intensified efforts in recent years to settle bilateral trade not in US dollars, but in rubles and yuan. Gold is considered important by both countries.
The issue of when a global reserve currency begins or ends is...
Norway’s Sovereign Wealth Fund  Hits $1 Trillion
The Norwegian sovereign wealth fund, the largest in the world...
The IMF could write off its debt and lighten Greece’s burden.
“Beware of Greeks bearing gifts,” wrote the ancient Roman poet...
Just over a quarter of Aussies have amassed debts equal to three times their income.
Australians’ average weekly household income grew by A$213 ($...
Kazakh Economy Grows by 4.3%
The economic growth in Kazakhstan was at 4.3% since the...
Multinational digital firms, mostly based in the US, have pushed for globally harmonized rules that would provide predictability and limit the space for national governments to intervene in digital flows.
The increasing digitization of the global economy is changing...
Hungary CB Rate on Hold
The Monetary Council of the National Bank of Hungary, or MNB,...
Ukraine Raises $3b in First Bond issue
Ukraine has raised $3 billion in its first sovereign bond...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.