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

International Monetary Fund

No 2017/028, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; Uruguay; deficit; inflation inertia; consumer price index; Inter-American Development Bank; hard-won credibility; Uruguay FCPF; executive board assessment; staffs appraisal; public sector deficit; Uruguay public sector institution; Public sector; Inflation; Credit; Fiscal stance; Global (search for similar items in EconPapers)
Pages: 66
Date: 2017-02-01
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