Uruguay: Positive growth surprise in Q2-14
Published on Tuesday, September 16, 2014 | Updated on Wednesday, September 17, 2014
Uruguay: Positive growth surprise in Q2-14
Summary
The Q2-14 national accounts report published by the Central Bank of Uruguay was promising. The economy grew 2% q/q seasonally adjusted (3.7% y/ y) due to the sustained growth of domestic consumption and greater contribution of exports. Further growth in Q1-14 was revised from -0.4% q/q to 0% t/ t. We put upward revision in the growth forecast for Uruguay with a floor at 3.2% this year.
Geographies
- Geography Tags
- Uruguay
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
BBVA Research
BBVA Research
Adriana Haring
BBVA Research - Senior Economist