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

_IMF Staff Country Reports, February 1, 2017_

## Source details

**Canonical URL:** [Uruguay: 2016 Article IV Consultation-Press Release and Staff Report](https://www.imf.org/en/publications/cr/issues/2017/02/01/uruguay-2016-article-iv-consultation-press-release-and-staff-report-44610)

## Other formats

- [Markdown version](/en/publications/cr/issues/2017/02/01/uruguay-2016-article-iv-consultation-press-release-and-staff-report-44610/index.md)
- [Structured JSON version](/en/publications/cr/issues/2017/02/01/uruguay-2016-article-iv-consultation-press-release-and-staff-report-44610/index.json)
- [Bundle manifest](/en/publications/cr/issues/2017/02/01/uruguay-2016-article-iv-consultation-press-release-and-staff-report-44610/bundle-manifest.json)

## Bibliographic details
- Published: February 1, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475573589.002

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### Macro outlook and growth projections
- 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 and banking sector
- Financial stability risks are limited.
- Nonperforming loans remain relatively low, at 3.5 percent of total loans.
- Provisions are high.

### Scope and subjects covered
- 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.

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2017/cr1728.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2017/cr1728.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2017/02/01/uruguay-2016-article-iv-consultation-press-release-and-staff-report-44610_