Analysts forecast 5.5 pct drop in Uruguay's GDP in 2020


  • World
  • Thursday, 21 Jan 2021

MONTEVIDEO, Jan. 20 (Xinhua) -- Financial analysts downgraded their 2020 economic growth forecast for Uruguay, from the 5.1 percent drop in gross domestic product (GDP) projected in December, to 5.5 percent drop, the Central Bank of Uruguay (BCU) said on Wednesday.

The result is an average of responses to a survey of economists and analysts, with the most pessimistic forecasting a 6.1 percent drop in GDP and the most optimistic, a 4 percent decline.

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