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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...