Itaú BBA - Macro Scenario - Uruguay: Moderating economic growth

Macro Latam

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Macro Scenario - Uruguay: Moderating economic growth

mayo 17, 2019

Leading indicators suggest weak GDP growth in 1Q19.

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

 

• Available indicators for 1Q19 suggest a renewed moderation of activity, after remaining stagnant for three consecutive quarters. We revised our YE19 growth forecast down to 0.7%, from 1% in our previous scenario.

• Our YE19 inflation forecast stands at 7.5%, with upside risks due to the real depreciation of the UYU early in the year.

 

Juan Carlos Barboza
Diego Ciongo


 

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



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