Uruguay Economy Grows Faster Than Forecast in Third Quarter

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Uruguay’s economy grew faster than economists expected in the third quarter, spurred by increased construction, transportation and communications activity.

Gross domestic product expanded 3 percent from a year earlier, the central bank said today on its website, exceeding the 2.4 percent median estimate of four economists surveyed by Bloomberg. The economy grew 1.2 percent from the second quarter, the bank said.