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Uruguay’s 2024 Economic Outlook: Growth Projected at 3.5%
In a significant update, Uruguayan analysts have adjusted their 2024 economic growth projection to 3.5%, up from March's 3.3%.
This update comes from the Central...
Uruguay’s Economy Shows Promise of Growth
The Ceres Leading Index (CLI), a predictive measure of Uruguay's economic activity, rose by 0.3 percent in March.
This uptick signifies the sixth straight month...
Uruguay Sees Slight Export Decline in Early 2024
In early 2024, Uruguay's export sector faced a modest setback, with a 2% decrease in goods exports, totaling $2.757 billion.
This downturn was particularly noticeable...
Uruguay’s Economy Sees Slight Growth Amid Challenges
The Central Bank of Uruguay (BCU) disclosed that Uruguay experienced a modest expansion, registering a growth rate of 0.4 percent over the course of...
Uruguay’s Interest Rate Fixed at 9% Amid Inflation Control Efforts
The Central Bank of Uruguay (BCU) has decided to keep the Monetary Policy Rate (MPR) at 9% to ensure inflation remains within the 3-6%...
Uruguay Faces Export Slump as China Purchases Decrease
Uruguay's exports in 2023 reached $11.518 billion, a 13% decline from 2022's record high of $13.356 billion.
Uruguay XXI, the trade promotion body, reported these...
Uruguay’s Modest Growth Journey
Analysts have revised Uruguay's economic growth forecast for 2023 to a modest 0.35 percent.
This is a decrease from the earlier 0.70 percent prediction. The...
Uruguay May Prolong Farming Crisis Alert
Uruguay's Agriculture Ministry MGAP, led by Fernando Mattos, is considering extending the farming emergency. He mentioned an upcoming meeting to discuss the plan.
"The drought...
A Tale of Two Central Banks: Uruguay Thrives, Argentina Falters
Diego Labat, Uruguay's central bank chief, oversees an economy with its lowest inflation in two decades and a strong currency.
The nation leads in cutting...
Uruguay’s economy is expected to grow 1.3% in 2023
Uruguay's economy is expected to grow 1.3% in 2023, affected by a major drought, said Minister of Economy and Finance Azucena Arbeleche.
She presented this...
Emergency in agriculture continues despite rain in Uruguay
Despite recent rains and the government ending the water emergency, Uruguay's agricultural emergency continues, said Fernando Mattos, Minister of Livestock, Agriculture, and Fisheries.
The water...
Uruguay’s Central Bank reduces interest rate to 10%
On Tuesday, the Central Bank of Uruguay announced a 75 basis-point reduction in its Monetary Policy Rate (MPR), positioning it at 10%.
In an official...
Uruguayan leading economic indicator records two-month decline
The Uruguayan economic activity's advanced indicator, the Ceres Leading Index (ILC), fell by 0.3% in July, marking a two-month decline after five consecutive positive...
Montevideo’s freshwater reserves rise in times of drought
Montevideo, Uruguay's capital city, is experiencing a severe water crisis due to a prolonged drought, significantly decreasing the main freshwater reserve for drinking water.
However,...