Uruguayan economy avoided falling into technical recession due to the 0.5% increase registered on real GDP during Q2 2009, that followed a contraction of 2.3% on Q1 2009, both on a seasonally adjusted basis (sar).
The Minister of Economy and Finance, Alvaro García, underlined the main achievements in the administration of the national debt in the last four years
In spite of the global and regional contraction, Uruguay?s GDP continued to show a strong resilience given the magnitude of the external impact. In fact, the Uruguayan economy declined for the first time since Q3 2004
In early December, the Economic Team summarized the achievements of this administration and shared with a vast audience of entrepreneurs the macroeconomic policy guidelines for 2009.
