{
  "title": "Uruguay: 2009 Article IV Consultation: Staff Report; Staff Statement and Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Uruguay",
  "publication": "IMF Staff Country Reports, February 23, 2010",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/uruguay-2009-article-iv-consultation-staff-report-staff-statement-and-supplement-public-23641",
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  "summary": "This 2009 Article IV Consultation highlights that the Uruguayan economy has held up considerably well in the face of the global recession. The impact of the crisis appears to have been relatively short lived.",
  "publishDate": "2010-02-23",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Summary",
      "content": "- The Uruguayan economy \"has held up considerably well in the face of the global recession.\"\n- \"The impact of the crisis appears to have been relatively short lived.\"\n- \"Private consumption and investment decelerated while the unemployment rate rose only little and temporarily.\"\n- \"The policy response to the crisis has sought to balance different risks.\"\n- \"Executive Directors have welcomed the achievement of single-digit inflation over the last several years, while noting that inflation remains relatively high.\""
    },
    {
      "heading": "Key findings",
      "content": "- Economic resilience: The economy \"held up considerably well\" during the 2009 global recession.\n- Duration of impact: The crisis impact \"appears to have been relatively short lived.\"\n- Domestic demand: \"Private consumption and investment decelerated.\"\n- Labor market: \"The unemployment rate rose only little and temporarily.\"\n- Inflation performance: Achievement of \"single-digit inflation over the last several years\" acknowledged, but inflation \"remains relatively high.\""
    },
    {
      "heading": "Policy assessment",
      "content": "- Crisis response: Authorities' \"policy response to the crisis has sought to balance different risks.\"\n- Executive Directors' view: Welcomed single-digit inflation achievement while noting inflationary pressures persist."
    },
    {
      "heading": "Thematic tags (as provided)",
      "content": "- Subject: Credit, Economic sectors, Fiscal policy, Fiscal stance, Inflation, Money, Prices, Public debt, Public sector\n- Keywords: appreciation pressure, CR, Credit, debt indicator, Fiscal stance, Global, Inflation, intervention level, ISCR, market participation, presidential election, Public sector, staff appraisal, Uruguay\n\nInternational Monetary Fund. Uruguay: 2009 Article IV Consultation: Staff Report; Staff Statement and Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Uruguay, February 23, 2010.\n\n---\n\n Content in this bundle\n\n- cr1048\n  - cr1048 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr1048 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/uruguay-2009-article-iv-consultation-staff-report-staff-statement-and-supplement-public-23641"
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    "Published: February 23, 2010",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451839463.002",
    "The Uruguayan economy \"has held up considerably well in the face of the global recession.\"",
    "\"The impact of the crisis appears to have been relatively short lived.\"",
    "\"Private consumption and investment decelerated while the unemployment rate rose only little and temporarily.\"",
    "\"The policy response to the crisis has sought to balance different risks.\"",
    "\"Executive Directors have welcomed the achievement of single-digit inflation over the last several years, while noting that inflation remains relatively high.\"",
    "Economic resilience: The economy \"held up considerably well\" during the 2009 global recession.",
    "Duration of impact: The crisis impact \"appears to have been relatively short lived.\"",
    "Domestic demand: \"Private consumption and investment decelerated.\"",
    "Labor market: \"The unemployment rate rose only little and temporarily.\"",
    "Inflation performance: Achievement of \"single-digit inflation over the last several years\" acknowledged, but inflation \"remains relatively high.\"",
    "Crisis response: Authorities' \"policy response to the crisis has sought to balance different risks.\"",
    "Executive Directors' view: Welcomed single-digit inflation achievement while noting inflationary pressures persist.",
    "Subject: Credit, Economic sectors, Fiscal policy, Fiscal stance, Inflation, Money, Prices, Public debt, Public sector",
    "Keywords: appreciation pressure, CR, Credit, debt indicator, Fiscal stance, Global, Inflation, intervention level, ISCR, market participation, presidential election, Public sector, staff appraisal, Uruguay",
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