IMF Says Uruguay Faces ‘Soft Landing,’ Slower Growth in 20ll

The International Monetary Fund said economic growth in Uruguay will probably slow over the next two years, requiring policy makers to prepare for a “soft landing.”

Uruguay is likely to achieve growth in real gross domestic product between 8 percent and 8.5 percent in 2010, followed by 5 percent growth in 2011 and 4 percent growth in subsequent years, the IMF said today in a statement.