{
  "title": "Uruguay: 2016 Article IV Consultation-Press Release and Staff Report",
  "publication": "IMF Staff Country Reports, February 1, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/02/01/uruguay-2016-article-iv-consultation-press-release-and-staff-report-44610",
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  "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.",
  "publishDate": "2017-02-01",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Macro outlook and growth projections",
      "content": "- Real growth is estimated at 1.2 percent in 2016.\n- Real growth is projected to reach 1.4 percent in 2017, as the external environment strengthens, together with private consumption.\n- The economic slowdown has bottomed out in 2016 and there are signs that the economy is on an incipient recovery path.\n- Uruguay is demonstrating resilience in the face of recessions in its large neighbors."
    },
    {
      "heading": "Financial stability and banking sector",
      "content": "- Financial stability risks are limited.\n- Nonperforming loans remain relatively low, at 3.5 percent of total loans.\n- Provisions are high."
    },
    {
      "heading": "Scope and subjects covered",
      "content": "- Subjects: Credit, Economic sectors, Fiscal policy, Fiscal stance, Inflation, Money, Prices, Public debt, Public sector.\n- 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.\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2017/02/01/uruguay-2016-article-iv-consultation-press-release-and-staff-report-44610"
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    "Published: February 1, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475573589.002",
    "Real growth is estimated at 1.2 percent in 2016.",
    "Real growth is projected to reach 1.4 percent in 2017, as the external environment strengthens, together with private consumption.",
    "The economic slowdown has bottomed out in 2016 and there are signs that the economy is on an incipient recovery path.",
    "Uruguay is demonstrating resilience in the face of recessions in its large neighbors.",
    "Financial stability risks are limited.",
    "Nonperforming loans remain relatively low, at 3.5 percent of total loans.",
    "Provisions are high.",
    "Subjects: 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.",
    "**Country Report**"
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