Itaú BBA - Macro Scenario – Uruguay: New government in office

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Macro Scenario – Uruguay: New government in office

Março 10, 2020

The government is focused on public accounts.


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

 

• President Luis Lacalle Pou started his five-year term in office on March 1. We believe that the new government will continue and strengthen the pro-market policies that have been carried out, which have allowed the country to achieve an investment-grade rating.

• The challenges that the new administration will face are not minor. The fiscal deficit is high, inflation is above the central bank’s target range and the economy has slowed in recent years, with rising unemployment. We expect GDP growth of 1.5% this year and an inflation of 8.5%.


Juan Carlos Barboza
Diego Ciongo



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

 



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