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IMF says Uruguays growth increase is up 700% in 2016

The International Monetary Fund (IMF) on Thursday says Uruguay’s growth increase is up 700% this year to 0.7%, a substantial increase from the 0.1% estimated in October,  underlining the country’s resilience to the problems of its big neighbors Argentina and Brazil. Uruguay has demonstrated considerable resilience in the face of recessions in its two large neighbors. Prudent macroeconomic policies, strong institutions, and success in diversifying its markets and products within the dominant…
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