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uruguay-flagPANAMA CITY: Uruguay's economy likely expanded by between 3 percent and 3.5 percent in 2012, central bank chief Mario Bergara said on Saturday.

Growth had been widely expected at about 4 percent, but Bergara said it was dragged lower by a drought and by trade restrictions imposed by neighboring Argentina.

Figures for 2012 are due for release on March 27.

Copyright Reuters, 2013

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