Astori forecasts Uruguay's inflation in the range of 3 to 7% in the next two years

Monday, November 18th 2013 - 18:33 UTC

Full article 7 comments

Vice-president Danilo Astori confirmed that Uruguay will continue with its current flexible foreign exchange policy, because “this has helped us reduce volatilities”, but also admitted concern about inflation, the third highest in South America and fourth in Latin-American and the Caribbean. Read full article

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Briton
At least they are trying.
Nov 18th, 2013 - 07:25 pm - Link - Report abuse 0
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CabezaDura
I wonder if some of the inflation is not transfered by the imports of Argentine goods that are under inflation already here and suffer from increasing production and transport costs...
Nov 18th, 2013 - 10:22 pm - Link - Report abuse 0
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Anglotino
With their economies so integrated and their distance from each other; then price distortions and inflation-bleeding is possible.

However running a continual deficit even in the good times is not helping. Uruguay needs to cut back on its growth in government expenditure.
Nov 18th, 2013 - 11:08 pm - Link - Report abuse 0
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ilsen
ahh! For once, we have informed comment @2 & @3, thank you. (unlike the chaos of the Falkland and Brasil threads, although they are fun sometimes!)

no disrepect @1, totally agree with you. I just wish Venezuela could find a way out of their govt. self-imposed mess. Maduro (Masburro) just keeps digging a deeper hole that he will never climb out of... Selling crude sour oil cheap, but buying refined gasolina back from the US because the nationalised refineries do not have the experts and are to proud to bring in US/UK people...
Apologies for going 'off topic' but I believe a similiar arguement applies to the Economies amongst much of Lat AM. ref: @2&@3
Nov 19th, 2013 - 02:42 am - Link - Report abuse 0
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ChrisR
I see it somewhat differently and this guy is either lying or delusional.

Pepe thinks that money grows on trees and don’t forget he used to rob banks to overcome not having a real job so he can’t get his head around what the government has done to cause the 12% - 14% inflation that we are dealing with.

And will Astori even be in the government when Vasquez returns? Given that the excellent economy he left the country with before the Old Twat and Astori managed to fuck it up big-time in less than four years I am amazed that Vasquez even wants to come back for a re-run.

The die is cast for UK style gross spending on lazy bastards, aka Social Inclusion in SA, and how he is going to reduce the government payroll is going to be interesting to see.

Given the poor base he will have to deal with we will be lucky (and overjoyed) if the inflation gets down to 7%.
Nov 19th, 2013 - 04:04 pm - Link - Report abuse 0
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Briton
4 ilsen

Thanks..
.
Nov 19th, 2013 - 07:52 pm - Link - Report abuse 0
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redp0ll
We have a parallel economy to Astori and the two sides fight among themselves
Nov 19th, 2013 - 10:47 pm - Link - Report abuse 0
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