Growth Outstrips Expectations

September 2006 | Market Strategy

According to data released by the Banco Central del Uruguay (BCU), real GDP growth continued to grow solidly during Q206, expanding by 7.7% q-o-q and by 9.4% y-o-y (up from 7.9% y-o-y in 2005). This is the highest increase since Q304 and, given that real GDP grew by 8.35% y-o-y during the first half of 2006 (up from 7.0% in H105), indicates that the economy could pick up pace after a dip in 2005.

If you would like to subscribe to Southern Cone Monitor and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Southern Cone Monitor please click on the trial link below.