Uruguay's economy vulnerabilities: inflation and budget deficit, says IMF report

Tuesday, March 3rd 2015 - 06:34 UTC

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The Uruguayan economy is decelerating gradually after a decade of strong and inclusive growth. Export receipts are growing at a markedly lower clip than a few years ago and domestic demand growth is slowing towards a more sustainable pace. At the same time, inflation remains above the target range and the primary fiscal balance has weakened further in 2014. Read full article

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ChrisR
Now we have got rid of 'No Money Pepe' (because he gave it all to the stinking poor and couldn't pay the teacher's rise for TWO years) we have someone who did a good job financially at a time when things were just going tits-up.

As I used to say to my managers: running a business is easy if you have the money, the good managers do well when the customer base is skint. Now we will see how good Vasquez really is.

Also this time round he has a weaker position within the Broad Fraud and the malevolent Pepe in the Senate.

As for the article the financial situation has been going downbank ever since the murdering commie bastard took charge, but at least he is proud of his windmills: what a wanker.

Vasquez will do little with education: they just don't get what the problems are and he has put a medical doctor (a female friend) in charge. Another untrained do-gooder to screw around with the system no doubt.

At least the pizza parlour director of the Maldonado Oncology department will be out on her ear, and not before time.

Vasquez will need to cut the 600,000 public workers (including monopolies) and resist the urge to put even more taxes on citizens than the outgoing idiot did , otherwise inflation will go further out of control.

During the morons time the UYU Pesos depreciated from 15 to the dollar and now stands at 24.3. There is a law prohibiting it from getting to 25. A bit King Cnut-ish of course, but how the children in control of the country love statements like these.

Still, we will see. As long as inflation (for us) remains much the same as it has been [I just knew they wouldn't be able to meet their targets, so I set my own] we will be financially OK until I croak and the wife goes back to the UK to see out the rest of her life in financial security.

I do hope that Vaquez can make it all right and a good start would be to pull the plug on wasting electricity with TDC who have still to pay a Pesos for everything they have had up to now.
Mar 03rd, 2015 - 10:52 am - Link - Report abuse 0
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