Tag: Uruguay's GDP

• Friday, April 22nd 2016 - 07:14 UTC

  Floods in Uruguay have 10.000 people displaced and losses are estimated in a billion dollars

  

  Uruguay's emergency committee reported on Thursday another death and over 10.000 people displaced because of widespread floods that followed a tornado and several days pouring rain. The ninth victim is a farmhand who fell off his horse while trying to cross an overflowed canal. A few hours before the body of a missing farmer was found kilometers down a river that sucked him while he was trying to save cattle.

• Friday, May 1st 2015 - 06:56 UTC

  Uruguay forecast to grow 2.5% this year, but must “strongly moderate” public spending

  

  Private consultants forecast the Uruguayan economy will expand 2.5% in 2015, compared to 3.5% the previous year, but recommend a “strong moderation” in government spending to retake the path of sustained growth and contain the consequences of an adverse international scenario mostly recessive.

• Tuesday, March 3rd 2015 - 06:34 UTC

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

  

  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.

• Wednesday, December 3rd 2014 - 09:31 UTC

  Analysts anticipate 'painful adjustment' for Uruguay if there is a continuity of current policies

  

  High inflation, relatively weak economic growth and an exhausted growth model are forecasted for Uruguayan president-elect Tabare Vazquez second administration as of next March, according to the latest report from two Capital Economics analysts.

• Thursday, October 2nd 2014 - 07:06 UTC

  Uruguay's fiscal deficit 'relatively' stable at 3.3% of GDP

  

  Uruguay's fiscal deficit in the twelve months to August was equivalent to 3.3% of GDP, or 1.725bn dollars according to the latest release from the Economy and Finance ministry. However the primary deficit (before debt payments) was 202 million dollars or 0.39% of GDP.

• Friday, July 11th 2014 - 01:37 UTC

  Uruguay central bank admits inflation remains the main concern and pledges monetary contraction

  

  Uruguay's Central bank confirmed that inflation remains the leading challenge and ratified the current monetary contractive policy with the M1 money supply index converging to 8% from its current 10.4%, in a 'not too distant horizon'.

• Wednesday, June 25th 2014 - 06:22 UTC

  Uruguay's second pulp mill begins production: 1.3million tons annually

  

  Uruguay's second pulp mill Montes del Plata started production this week following an investment of 2 billion dollars, the largest ever in the recent history of the country. The announcement was made by the Chilean-Swedish complex that is running the plant.

• Wednesday, June 18th 2014 - 08:31 UTC

  Uruguay economy growing at a slower pace: imports up; exports stagnant

  

  Uruguay's economy expanded 2.4% in the first quarter compared with the same 2013 period, but contracted 0.4% compared with the fourth quarter of last year, the central bank said this week. However deceleration is a fact since growth of the first quarter in 2013 has gone up 4.6% over 2012.

• Wednesday, June 11th 2014 - 01:48 UTC

  Uruguay issues 2 billion dollars of new 2050 global bond to help spread the country's debt

  

  Uruguay issued 2 billion dollars of a new 2050 global bond on Tuesday at a spread of 165 to 170 basis points over U.S. Treasuries as part of the government's bid to put less strain on its accounts in the near- and medium-term, it was reported.

• Wednesday, June 4th 2014 - 09:03 UTC

  Timid S&P ignores Moody's and leaves Uruguay' risk rating unchanged

  

  Standard & Poor's (S&P) decided on Tuesday to maintain Uruguay's sovereign debt risk rating unchanged at the lowest investment grade BBB-, because although it has solid growth prospects, predictable policies and a favorable debt profile, the country still has limited fiscal and monetary flexibility and lives in a neighborhood experimenting 'economic stress'.