Uruguay undergoes economic downturn and higher unemployment

in hive-116221 •  4 years ago 

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Montevideo, Sep 20 (Prensa Latina) Uruguay is undergoing a 10.6 percent drop in its economy today, according to a report published by the Central Bank (BCU).

The data comes from the chapter National Accounts, and corresponds to the second quarter of this year, immediately after the health emergency ordered on March 13 due to the Covid-19 pandemic.

At the end of the first three months of 2020, there was a nine percent drop in the Gross Domestic Product, which became more acute as the mobility of people and the normal functioning of productive and service establishments were affected.
 


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