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Uruguay latest publications

May 21, 2019

Uruguay Economic Outlook. First half 2019

Uruguay is focused on elections, with necessary structural reforms taking a back seat.

February 21, 2019

Uruguay | Global and Uruguay Outlook 1Q19

We maintain our growth forecast for Uruguay at 1.3% in 2019 and we revised it downwards in 2020 to 1.9% (before 2.2%). An environment of lower global growth, in Argentina and Brazil, as well as the lack of definition of the beginning of the third pulp mill construction will determine a moderate growth in the next two years.

November 5, 2018

Uruguay Economic Outlook. Second half-year 2018

The crisis in Argentina differs significantly from the one that occurred in 2002, and Uruguay is much better prepared to face it and avoid a significant contagion. We have revised the economic growth downwards due to a cooling of consumption, lack of dynamism in private investment and a drop in exports as a result of the dr…

May 9, 2018

Uruguay Economic Outlook. First half 2018

Uruguay: growth slows, but investment expected to pick up. Downward revision of growth in Uruguay due to the effect of the drought on the agricultural and livestock sector and hydroelectric generation. Private consumption slows due to slacker pace of increase in real wages.

November 8, 2017

Uruguay Economic Outlook. Second half 2017

Uruguay will growth 3.2% this year. There will be the second fastest growing country in the region. We project a current account result of just 0.3% of GDP for 2018. We estimate that the dollar will end this year at $ 29.5 and $ 31.4 at the end of 2018. We have adjusted our estimate of inflation to 6.3% yoy and 7.0% yoy fo…

August 4, 2017

An Index of Regulatory Practices for Financial Inclusion in Latin America

The index assesses and compares the quality of regulations that influence financial inclusion in 8 Latin American countries. It defines three categories of regulatory practices: the enablers, which determine the overall quality of the financial environment; the promoters, which deal with specific market frictions; and the p…

July 6, 2017

Renewables: The answer is blowin’ in the wind

The prevalence of fossil fuels in the production of electricity is being challenged by the rapid expansion of renewable sources such as wind and solar. Around the world, wind energy capacity has increased fivefold since 2007, reaching 487GW in 2016

May 18, 2017

Uruguay Economic Outlook. First Half 2017

Uruguay returns to growth, 1.9% in 2017 and 3% in 2018, with a strong impulse from investment. The fiscal balance is improving, although at a slower rate than expected. Inflation will remain outside the target range, reaching 8% in 2017 and 7.9% in 2018. The Fx rate will end 2017 at $31.1, avoiding a deterioration in compe…