Cabanillas, Oscar Barriga; Lugo, Maria Ana; Nielsen, Hannah - Economics Research, World Bank Group - 2014
The 2001/02 Argentine crisis had a profound impact on Uruguay's economy. Uruguay's gross domestic product shrank by 17.5 percent and the proportion of people living below the poverty line doubled in just two years. It took almost 10 years for the poverty rate to recover to its pre-crisis level....