Uruguayan analysts foresee a national economic growth of 1.50 percent in 2023, which represents a drop with respect to the projection of 1.80 percent made the previous month, according to the average of the Expectations Survey published today, Wednesday by the Central Bank of Uruguay (BCU).
The survey, which consults economists and financial sector institutions, showed a 0.50 percent increase in Gross Domestic Product (GDP) as the most pessimistic and a 2.40 percent increase as the most optimistic in April.
In 2022, GDP expanded by 4.9 percent, although it completed two-quarters of its decline and entered into a technical recession, the BCU reported in March.
The Uruguayan government forecasts economic growth of around 2 percent for 2023.
Analysts also forecast inflation of 7.27 percent for 2023 and an inflation rate of 0.56 percent for April, according to the BCU survey average.
Inflation accumulates an increase of 7.33 percent in the mobile year ending in March, above the official target range (3-6 percent).