Economy in Uruguay

  • Global growth will be disappointing in 2016: IMF's Lagarde

    AFGHANISTAN, 2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.

  • Revised IMF forecasts signal gloom on global economic outlook

    AFGHANISTAN, 2015/01/20 Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.

  • Uruguay President Jose Mujica,

    URUGUAY, 2013/01/06 But the 7.48% index is crucial for the annual round of salaries’ negotiations scheduled to begin this month particularly since the October and November twelve month inflation index were above 9% until the government of President Jose Mujica implemented drastic measures avoiding the two-digits that would have triggered fee discussions each four months.

  • Bank President Mario Bergar

    URUGUAY, 2013/01/02 The-member policy committee, led by bank President Mario Bergara, raised the benchmark rate 25 basis points for a second straight conference to 9.25%. “Inflation continues to be the key risk to the Uruguayan economy,” the bank said in Friday’s statement adding that “both the actual inflation rate inclunding agents’ expectations remains well above the target range”. “If the inflationary threat isn’t decidedly dealt with, we risk interrupting or partially reversing the gains made in terms of increase, competitiveness, poverty reduction and distribution of wealth”, continued the release.

  • Uruguay Unexpectedly Inflation 2011-12-30

    URUGUAY, 2011/12/30 Uruguay’s central bank unexpectedly boosted its benchmark interest rate to 8.75 % today as policy makers affirmed their commitment to containing prices in the face of accelerating inflation.

  • Multilatinas Extend Reach Into Developed Markets 2011-06-23

    ARGENTINA, 2011/06/23 According to a May statement by the United Nations Economic Commission on Latin America and the Caribbean (ECLAC), outgoing FDI from the region quadrupled to $43.1 billion, highlighting the growing strength and world presence of Latin America–based multinational companies, known as “Multilatinas.”
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