Monetary Policy Framework Enhancement

The economy grew in the second quarter of 2021, though showing uneven performance across sectors Quarterly real GDP (In %, yoy change) 15 10 5 -5 -10 11.3 Cummulative real growth of sectors of GDP (Index, base 100 = 2019Q2) Agriculture and livestock Manufacturing -Construction GDP 140 120 100 80 109 102 97 93 -15 60 2019Q1 2019Q4 2020Q3 2021Q2 2019Q2 2019Q4 2020Q2 2020Q4 2021Q2 7 Source: Central Bank of Uruguay

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