Ola Uruguay Real Estate and Investments

The Economic Commission for Latinamerica and the Caribbean, Eclac, has announced that the economy of Uruguay is expected to grow by 5% in 2010. The report shows that Uruguay’s forecasted growth, along with Peru, is the second highest in the region after Brazil. These figures have been revised upward following a quicker recovery in Latin America, credited by the report to “counter-cyclical policies which enabled to effectively address external turbulences such as the fall in interest rates, the increase of government banks share in credit supply, massive government spending and a full range of social services programs related to consumption subsidies and support for poor families.”

For more, read the mercopress article here.