Uruguay Economic Outlook Second Half 2015
Published on Tuesday, November 24, 2015 | Updated on Wednesday, November 25, 2015
Uruguay Economic Outlook Second Half 2015
Summary
Internal demand is contracting more rapidly than expected, driven by declining confidence indicators and a weaker labour market. A five-year budget with a fiscal adjustment which looks unambitious in the context of an optimistic macro scenario. Inflation will reach 9.2% in 2015 and 8.5% in 2016. The government is changing its strategy to undo wage indexation
Geographies
- Geography Tags
- Uruguay
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Adriana Haring
BBVA Research - Senior Economist
Juan Manuel Manías
BBVA Research - Principal Economist
Gloria Sorensen
Documents and files
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