Published on Tuesday, May 21, 2019 | Updated on Tuesday, May 28, 2019

Uruguay Economic Outlook. First half 2019

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

Key points

  • Key points:
  • Uruguay will grow 0.8% this year due to poor consumption performance and stagnant investment.
  • The consolidation of the fiscal balance will become a key issue in the agenda of the next administration.
  • The Uruguayan peso’s accelerated depreciation since the end of 1Q19, led us to raise our exchange rate forecast to $ 36.2 per dollar for Dec-19 (previously $ 35.6/USD).

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