Itaú BBA - Macro Scenario - Uruguay: Lower growth and rising inflation

Macro Latam

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Macro Scenario - Uruguay: Lower growth and rising inflation

abril 17, 2019

Inflation remains above the target range.

For the full version with all charts and tables, please open the attached pdf file
 

• Annual inflation accelerated in recent months and remains above the target range (3% -7%). Our YE19 inflation forecast stands at 7.5%.

• GDP data for 4Q18 disappointed, and available indicators for 1Q19 do not anticipate a rebound. We forecast GDP growth of 1% in 2019, with downside risks due to lower consumption, sluggish growth in Argentina and the downward revision of the GDP growth forecast in Brazil.
 

Juan Carlos Barboza
Diego Ciongo

 

For the full version with all charts and tables, please open the attached pdf file



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