Uruguay
Uruguay’s 2024 Economic Outlook: Growth Projected at 3.5%
In a significant update, Uruguayan analysts have adjusted their 2024 economic growth projection to 3.5%, up from March's 3.3%.
This update comes from the Central...
Uruguay Sees Robust Tourist Arrivals in Early 2024
In the early months of 2024, Uruguay saw an influx of 1,135,102 international tourists, a notable increase of 3.9% from the first quarter of 2019.
This growth, albeit lower than the previous year's surge, still...
Uruguay Lowers Interest Rate to 8.5%
The Central Bank of Uruguay (BCU) has strategically cut the Monetary Policy Rate (MPR) by 50 basis points, bringing it down to 8.5%.
This move...
Uruguay’s Economy Shows Promise of Growth
The Ceres Leading Index (CLI), a predictive measure of Uruguay's economic activity, rose by...
Support for Uruguay’s Leader Holds Strong
In Uruguay, President Luis Lacalle Pou enjoys a solid approval rate of 46%, a survey by Cifra shows.
This figure...
Uruguay’s Rating Rises: Moody’s Nods to Reform Success
Moody's upgraded Uruguay's credit rating from Baa2 to Baa1 on Friday, the 15th, reflecting the country's commitment to structural reforms and strict fiscal and...
Uruguay Anticipates Near-Record Soy Harvest After Severe Drought
Uruguay is on track for an exceptional soybean harvest, rebounding strongly from last year's harsh drought.
Rainfall has revived the...
Uruguay’s Trade Deal Challenge with China Amid Mercosur Dynamics
Uruguayan President Luis Lacalle Pou accused Argentina and Brazil of blocking a crucial Free Trade Agreement (FTA) with China.
Speaking...
Left-Wing Frente Amplio Leads in Uruguay Poll
A new poll from Cifra indicates Frente Amplio as the front-runner for Uruguay's presidential...
Uruguay’s Interest Rate Fixed at 9% Amid Inflation Control Efforts
The Central Bank of Uruguay (BCU) has decided to keep the Monetary Policy Rate (MPR)...
Uruguay Shines as South America’s Sole ‘Full Democracy’
The 2023 Economist Intelligence Unit (EIU) report highlights a global decline in democracy, pointing to conflicts, authoritarianism, and fading...
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