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Uruguay economy grows 3.5pc in 4th quarter

uruguayMONTEVIDEO: Uruguay's gross domestic product grew 3.5 percent in the fourth quarter compared with the same period of 2010, but contracted 1.9 percent from the third quarter, the central bank said on Thursday.

The South American country's GDP rose 5.7 percent in the full-year 2011, marking a ninth straight year of growth. The traditionally agriculture-based economy grew 8.5 percent in 2010.

Copyright Reuters, 2012