Uruguay: 2016 Article IV Consultation-Press Release and Staff Report

February 1, 2017

Summary

This 2016 Article IV Consultation highlights that Uruguay is demonstrating resilience in the face of recessions in its large neighbors. The economic slowdown has bottomed out in 2016 and there are signs that the economy is on an incipient recovery path. Financial stability risks are limited. Nonperforming loans remain relatively low, at 3.5 percent of total loans, while provisions are high. Real growth is estimated at 1.2 percent in 2016 and projected to reach 1.4 percent in 2017, as the external environment strengthens, together with private consumption.

Subject: Credit, Economic sectors, Fiscal policy, Fiscal stance, Inflation, Money, Prices, Public debt, Public sector

Keywords: consumer price index, CR, Credit, deficit, executive board assessment, Fiscal stance, Global, hard-won credibility, Inflation, inflation inertia, Inter-American Development Bank, ISCR, Public sector, public sector deficit, staffs appraisal, Uruguay, Uruguay FCPF, Uruguay public sector institution

Pages:
66
Volume:
2017
DOI:
https://doi.org/10.5089/9781475573589.002
Issue:
028
Series:
Country Report No. 2017/028
Stock No:
1URYEA2017001
ISBN:
9781475573589
ISSN:
1934-7685

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