MercoPress. South Atlantic News Agency
Uruguay’s economy suffers slight deceleration in 2Q but on track to the 4% target
The Uruguayan economy experienced a slight deceleration in the second quarter of this year, but with an overall positive evolution. GDP increased 0.8% over the previous quarter and 3.8% over the same quarter a year ago, according to the latest release from the Central bank. Read full article
Comments
Disclaimer & comment rulesMmm. But no comment on the sinking into the deep red by most of the state owned companies.
Sep 20th, 2012 - 10:31 pm - Link - Report abuse 0USD1.14 billion in the red and taking on debt to cover this 'mismanagement' fee! And this in a country with 3.5 million people. Approximately 6,665 UY pesos for 2013 ontop of the overpriced services that everybody HAS to pay for: economics of the madhouse.
I remember last year Lorenzo lauding UTE for 'negotiating' putting up their prices to cover their increased costs. No thought of telling them to reduce their costs or the directors get the chop.
And how can anybody be so naive to think that negotiating prices is even possible with a government owned company?
“And how can anybody be so naive to think that negotiating prices is even possible with a government owned company?”
Sep 25th, 2012 - 03:51 am - Link - Report abuse 0Why shouldn't it be? Though the final negotiation can also be at the ballot box, thats the beauty of it...
@2
Sep 25th, 2012 - 11:42 am - Link - Report abuse 0So we are to have 5 years of a fcuked up economy like Argentina?
It's all about having the right commercial sense, which you consistently lack.
Do you have ANY idea how poor some of these people are, even though they work six days a week?
UY$6,665 is another £196 that every MAN, WOMAN AND CHILD will have to pay for the incompetence of the so called businessmen (who in reality are government placemen) 'running' these companies.
Get it now?
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