<\/p>\n
Recovery of agricultural exports, real wages, increased cellulose production, easing of financial conditions expected to support growth.<\/p>\n
Uruguay’s economy is expected to grow 3.4% this year and 3% next year, the International Monetary Fund (IMF).<\/p>\n
“The economy is expected to strongly rebound in 2024, while macroeconomic risks are broadly balanced,” the IMF said in its Staff Concluding Statement of the 2024 Article IV Mission.<\/p>\n
The global lender said the recovery of agricultural exports, increased cellulose production, the easing of financial conditions and robust private consumption and a recovery in real wages are expected to support economic growth.<\/p>\n
Inflation is projected to pick up in the second half of 2024 but to stay within the target range, following a gradual easing of monetary policy and robust wage growth, according to the IMF.<\/p>\n
The Central Bank of Uruguay gradually lowered the monetary policy rate from 11.5% at the beginning of 2023 to 8.5% in April as headline inflation reverted within the target range and inflation expectations gradually declined.<\/p>\n
“Downside risks are derived from a worsening of external financial conditions, deterioration of international geopolitical tensions and the potential for further extreme climate events,” said the statement. “Upside risks draw from events that could bring higher-than-expected agricultural export prices or lower fuel import prices.”<\/p>\n
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Recovery of agricultural exports, real wages, increased cellulose production, easing of financial conditions expected to support growth. Uruguay’s economy is expected to grow 3.4% this year and 3% next year, the International Monetary Fund (IMF). “The economy is expected to strongly rebound in 2024, while macroeconomic risks are broadly balanced,” the IMF said in its […]<\/p>\n","protected":false},"author":1,"featured_media":2086,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/07\/Uruguay-5-1140x445.jpeg",1140,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/07\/Uruguay-5-463x348.jpeg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/07\/Uruguay-5-300x199.jpeg",300,199,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/07\/Uruguay-5.jpeg",1980,1316,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=2085"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2085\/revisions"}],"predecessor-version":[{"id":2087,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2085\/revisions\/2087"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/2086"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=2085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=2085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=2085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}