Macroeconomic Forecast Uruguay

July 2008 | Macroeconomic Forecasts

Uruguay's economy grew at a robust rate of 10.8% y-o-y during the first quarter of 2008, on the back of burgeoning domestic demand. Transportation and manufacturing were particularly impressive with respective growth rates of 26.1% y-o-y and 12.8% during the period. Higher global food prices have helped to prop up Uruguay's agricultural sector, which grew by 8.2% y-o-y in Q108, up from just 1.6% during the same period a year earlier.

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