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Favorable outlook for Uruguay continues

By Pittaluga Abogados - 14/06/2017
Favorable outlook for Uruguay continues

According to Standard & Poor’s, Uruguay has demonstrated its resilience despite difficult economic conditions. The stability and gradual strengthening of Uruguay’s economy will support income levels in the country, as will its tax base, the flexibility of its fiscal and monetary policies, and its capacity to absorb debt.

Uruguay has experienced steady growth for the past 14 years. In 2016, the country’s GDP expanded by 1.5% and it is estimated that from 2017 to 2020 per capita GDP will stand at around US$19,300, representing an average real growth rate of 2% during that period.

The economic outlook for 2017 and 2018 is favorable due to the continuity of fiscal consolidation measures as well as the confirmation of sovereign ratings of BBB and A-2 for foreign and local currency.

By Pittaluga Abogados - 14/06/2017
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Pittaluga Abogados

Pittaluga Abogados, has initiated its professional practice 20 years ago, as an Intellectual Property Law Firm.

After some years providing a specialized and top level service for foreign clients, many of them among the world premier companies, Pittaluga Abogados obtained a recognized international prestige in said field, which convert it into one of the leaders Intellectual Property Law Firms in Uruguay.

Thus, today in P&A we take pride in emphasizing that our goal has always been and will continue being, to keep a personal relationship with our clients, considering at all times the priorities of our clients as our own, with the belief that each one of them is unique and irreplaceable.