Uruguay: 2011 Article IV Consultation

International Monetary Fund

No 2011/375, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2011 Article IV Consultation highlights that the growth momentum in Uruguay has continued into 2011 but a slowdown is under way, led by weaker exports and slower public investment. Uruguay’s economic and financial vulnerabilities are modest, and the government has reduced debt vulnerabilities significantly and built important financial buffers. Executive Directors have commended authorities’ skillful macroeconomic management that has underpinned Uruguay’s excellent economic performance, lowered public indebtedness, and strengthened buffers against shocks.

Keywords: ISCR; CR; IMF staff calculation; productivity challenge; government; inflation expectation; labor market framework; baseline outlook; debt vulnerability; Inflation; Public sector; Fiscal stance; Global; Western Hemisphere (search for similar items in EconPapers)
Pages: 59
Date: 2011-12-29
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