Uruguay Economic Outlook
February 13, 2018GDP is expected to have recorded a healthy rate of expansion in 2017, with growth seen gaining steam in the fourth quarter. Industrial production rebounded in November, and export growth was robust in December, albeit moderating from the previous month’s buoyant 19.9% annual expansion. In addition, higher oil prices in Q4 likely supported the energy sector. Growth had slowed in Q3 on the back of decelerating private consumption. Meanwhile, Uruguay’s political scene was rocked by protests at the start of 2018. Farmers held protests on 23 January and 2 February over taxation in the agricultural sector, a key industry in Uruguay; they also demanded more favorable working conditions.
Uruguay Economic GrowthRebounding investment and recovering momentum in main trading partners Argentina and Brazil should buttress economic growth in 2018. Our panelists expect GDP to expand 3.1% in 2018, which is unchanged from last month’s forecast, and also 3.1% in 2019.
Uruguay Economy Data
5 years of Uruguay economic forecasts for more than 30 economic indicators.
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|Exchange Rate||28.48||0.24 %||Feb 22|
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Uruguay Economic News
February 5, 2018
In January, consumer prices jumped 2.7% from the previous month, strongly contrasting December’s 0.3% month-on-month fall.
January 4, 2018
In December, consumer prices dropped 0.3% from the previous month, contrasting November’s 0.3% month-on-month rise.
December 30, 2017
Economic growth moderated for a second consecutive quarter in Q3 2017, according to a detailed release by the Central Bank on 30 December.
December 29, 2017
The Central Bank of Uruguay decided to increase the target growth rate of money supply, its main policy tool, at its 29 December Monetary Policy Committee meeting.
December 13, 2017
In October, industrial production contracted 13.8% from the same month last year.