Tag: Uruguay economy

• Saturday, October 1st 2011 - 05:50 UTC

  Achieving investment grade is “not critical” for Uruguay, says Economy minister

  

  Achieving investment grade in the current global scenario is “not critical” for Uruguay since the country has sufficient financing and operates in world markets as “if it had a better rating than it actually has”, said Economy minister Fernando Lorenzo.

• Thursday, September 15th 2011 - 19:05 UTC

  Uruguay’s second quarter slowdown surprised economic consultants’ estimates

  

  Uruguay’s main economic consultants admitted they missed, and by quite a margin, their Uruguayan economy performance estimates for the second quarter which according to the Central bank only expanded 0.5%.

• Wednesday, March 23rd 2011 - 19:30 UTC

  Uruguay expands record 8.5% in 2010; forecasts 6% this year

  

  The Uruguayan economy completed in 2010 the eighth year running of expansion having recorded 8.5%, which together with 2008 and 1998 makes them the best three years of the last two decades. Uruguay managed to skip the 2009 global recession with a 2.9% expansion.

• Wednesday, February 16th 2011 - 17:17 UTC

  Uruguayan goods exports mainly commodities; only 2% with high tech input

  

  An overwhelming volume of Uruguayan exports of goods in 2010, --84%-- were commodities and natural resources with some degree of manufacturing but low technological input according to the latest report from the Chamber of Industries.

• Wednesday, February 9th 2011 - 19:59 UTC

  Uruguay solid candidate for “investment grade” rating says JP Morgan

  

  Uruguay is considered a solid candidate to obtain “investment grade” given its strong economic fundamentals and these same factors make the country’s bonds issued in indexed units, UI, an attractive investment, according to a report from the investment bank JP Morgan published in the Montevideo press.

• Friday, December 17th 2010 - 23:04 UTC

  IMF anticipates ‘soft-landing’ of Uruguay’s economy in next two years

  

  The International Monetary Fund said economic growth in Uruguay will probably slow over the next two years, requiring policy makers to prepare for a “soft landing.”

• Tuesday, December 7th 2010 - 08:29 UTC

  Chinese credit rating agency gives Uruguay grade BB+ for local and foreign currency

  

  A Chinese credit rating agency issued the sovereign credit ratings for Ireland and four other countries including Uruguay, assigning Ireland the BBB grade for both local currency and foreign currency with a stable outlook.
  The other four countries rated are Finland, Uruguay, Kenya and Sudan.

• Friday, December 3rd 2010 - 06:29 UTC

  Uruguay headed for a record year in exports; Brazil main trade partner

  

  Uruguay’s exports jumped 23.3% during the first eleven months of 2010, anticipating a new value record for the year. Exports totalled 6.1 billion US dollars between January-November compared to 4.95 billion in the same period a year earlier and are higher than the twelve month previous record of 6.1 billion in 2008, according to Uruguay’s Exporters’ Union.

• Thursday, November 18th 2010 - 19:53 UTC

  Latinamerica “business climate” steady and in “cautious boom” phase

  

  Chile, Peru and Uruguay rank as the countries with the best business climate according to a report from the Brazilian foundation Getulio Vargas, FGV. The October report released this week ranks Chile with 7.5 points; Peru, 7.1; Uruguay, 7; Brazil, 6.8; Colombia, 6.8; Paraguay, 6.5; Argentina, 5.9 and Bolivia, 5.6.

• Thursday, November 11th 2010 - 01:09 UTC

  Uruguayan officials with different visions how to address risk of “asset bubbles”

  

  As in most of the rest of the world, conflicting visions of the latest global monetary events and its impact on emerging economies have surfaced among Uruguay’s top officials responsible for the running of the economy and finances.