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The RCEP is indeed a milestone for regional economic integration and post-pandemic economic recovery for member countries. In addition, it will strengthen the supply chain synchronization among the regional members that has been disrupted by the recent COVID-19 pandemic and China-US decoupling.
Discussions about climate change policies are gaining ground in public debate as social awareness improves, and this is increasingly reflected in specific proposals for defining economic policy.
The data corresponding to the third quarter shows a smaller output contraction in line with the recovery following the pandemic, higher public deficit due to the fiscal effort to mitigate the impact and a lower current account deficit.
Uruguay has reduced its trade openness in recent years, which was boosted in 2020 by the irruption of the Covid-19, causing a substantial drop in external demand, which will explain much of the fall in Uruguay's GDP to 4.1% this year.
In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.