IMF staff sees Uruguay's economy strengthening, urges close look at inflation
WASHINGTON, Oct 6 (Reuters) - Uruguay's economy is expected to continue strengthening in late 2021 and 2022, the International Monetary Fund staff said in a preliminary report released on Wednesday, citing a near halt in the spread of COVID-19 and signs of recovery in lagging sectors.
Inflation is projected to end 2021 around 7.2% and drop to around 5.8% by end-2022, the report said, noting that Uruguay's monetary policy may need a tightening bias to bring inflation within the target range as the economy recovers.
(Reporting by Andrea Shalal and Rodrigo Campos; Editing by Mark Porter)
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