Economy grew 0.3% in 2015 – Ecuador – First-Plana-NYC

The Uruguayan economy grew 1% in 2015 compared to 2014, and in the fourth quarter recorded a contraction of 0.1% compared to the same period last year, reported Thursday the Central Bank of Uruguay (BCU ).

the manager of the entity, Diego Martinez, told reporters that “growth of 0.3% in 2015 was accompanied by a growth in government consumption expenditure 1.1 % “.

He added that country South America has managed to face a complex situation internally and externally.

crude oil accounted for 20% of the resources state and the abrupt collapse of its listing from 2014 prevented the entry of some 7,000 million dollars to the smallest member of OPEC in 2015.

the final consumption expenditure increased 0.6% over the same quarter of 2014, “due to the increase in both final consumption expenditure of households (0.4%) and the final consumption expenditure of government (1.8%).”

the growth economy “is explained by the positive annual rates in manufacturing industries” (5.7%), following pulp production as well as the transport, storage and communications (3.1%) sector fruit ” the continued expansion of telecommunications “.

This” reflects how our economy can cope with those (difficult) moments, “said the official.

the sectors that recorded positive growth were fishing and aquaculture, with 13%; oil refining with 8%; and supply of electricity and water to 8%, with the operation of some hydroelectric projects, added

In addition, increased public administration and defense (0.9 percent).; trade (0.7 percent) and domestic service (0.2 percent).

Uruguayan economy grew 1% in 2015La Uruguayan economy closed 2015 with a strong slowdown and grew by only 1%.

in 2015, Ecuador also registered a balance of payments deficit of 1.5 percent of gross domestic product (GDP).

“There is confidence of foreign investors,” he said after noting that the manufacturing, trade and agriculture were the beneficiaries.

the United States was the most invested in country , followed by Peru, China, Chile, the Netherlands, Canada and Spain he explained the head of the Central Bank.