Please try another search
SANTIAGO (Reuters) - The Uruguayan government expects GDP growth of 2 percent this year, Uruguay's El Pais newspaper reported on Saturday, doubling its previous estimate.
El Pais said the government made the projection in a recent filing with the U.S. Securities and Exchange Commission in which it also forecast a fiscal deficit in 2017 of 3.3 percent.
The revised growth estimate comes as the South American country is weighing a new international debt issue. It represents a significant increase from the government's previous forecast of 1 percent but is roughly in line with local market expectations and projections by multilateral institutions.
In a February, the Economy Ministry said about $2.05 billion in bonds would be issued in 2017, up from $1.7 billion in 2016.
Uruguay's fiscal deficit was 3.8 percent in the 12 months through March. The government's official goal is to reduce it to 2.5 percent by 2019.
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.