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Uruguay's economy expands 2.2% YOY in Q3

Uruguay's economy grew 2.2% in the third quarter from a year earlier and expanded 0.1% compared to the second quarter, according to data from Banco Central del Uruguay.

Activity in the logistical services sector grew 8.9% year over year, although the agricultural and construction sectors contracted 2% and 4.1%, respectively.

The yearly growth in third-quarter GDP represents a slowdown from the second quarter, when the country's economy grew 2.8%, El Observador reported.