Economy / Uruguay
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Growth Outstrips Expectations
September 2006 | Market StrategySorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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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.