Uruguay economy contracts 5.9% in 2020, battered by pandemic -Central Bank

Uruguay, a small, relatively wealthy Latin American nation, fared well compared to many of its harder-hit neighbors, but nonetheless felt the impact of the virus throughout its economy, the data showed.

RIO DE JANEIRO, BRAZIL - Uruguay’s economy contracted 5.9% in 2020, the central bank said on Wednesday, March 24th, battered by the impact of the global coronavirus crisis.

Fourth-quarter gross domestic product (GDP) tumbled 2.9%, the bank said, due primarily to restrictions implemented by health officials to contain the spread of the virus.

Uruguay, a small, relatively wealthy Latin American nation, fared well compared to many of its harder-hit neighbors, but nonetheless felt the impact of the virus throughout its economy, the data showed.

Commerce, housing and the provision of food and beverages, health, education and . . .

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