External accounts

Global economy. Mexico, Economic Activity. Downward rigidity of core inflation and restrictive stance of Banxico. 2019 public accounts and budget. External accounts. Domestic assets are being affected by the new administration’s decisions.

The crisis in Argentina differs significantly from the one that occurred in 2002, and Uruguay is much better prepared to face it and avoid a significant contagion. We have revised the economic growth downwards due to a cooling of consumption, lack of dynamism in private investment and a drop in exports as a result of the drought.