URUGUAY.
MASSIVE INVESTMENT BEHIND GROWTH.
The new credit rating for Uruguay, has been cause for celebration in banking and finance circles in the nation.
Fernando Lorenzo, adviser to the governments Ministry of Economy, mentioned the boom in beef and livestock exports and investment in the rural sector by multi national corporations.
Lorenzo mentioned the slowdown in the economy of the US and how this today, has little effect on Latin America, compared with the rest of the world.
The unemployment rate is under 8pc which is unheard of in Uruguay, he went on to say.