Tag: Uruguayan economy

• Saturday, July 20th 2019 - 09:50 UTC

  Strong contraction of Uruguay's economy: GDP forecasted to grow 0.6% this year

  

  Uruguay's Economy minister admitted on Friday that the country will end 2019 with a “very modest growth”, in the range of 0.6%, but was confident the economy would pick up in 2020 when the construction of a new pulp mill, with an investment of at least two billion dollars, is scheduled to start.

• Wednesday, March 27th 2019 - 20:54 UTC

  Dollar rises in Uruguay while tension increases in Argentine markets

  

  In Uruguay, the dollar traded at noon on the state bank Banco Republica (Brou) board at $ 33.20 for the purchase and $ 34.60 for the sale, 45 cents above the close price on Tuesday. On the board of private exchanges, the currency to the public came to sell at $ 34.80 and $ 34.90.

• Wednesday, May 9th 2018 - 20:19 UTC

  US Dollar rises: Uruguay behind Argentina

  

  After several days up in Argentina, the devaluation of the Argentine peso and the rise of the US dollar have had some impact on the other side of the River Plate, where the exchange houses of downtown Montevideo marked on Wednesday the value of the currency up to 31,70 Uruguayan pesos per dollar, a rise of 2.08% compared to Monday —the highest in five years—. For the Uruguayan government, the country follows the global trend and calls for calm, beyond the noise generated in Argentina, which is beginning a dialogue between the Finance Minister, Nicolás Dujovne, and the International Monetary Fund (IMF) in Washington.

• Thursday, August 8th 2013 - 13:52 UTC

  Uruguay concludes successfully the issue of a new 2024 global bond

  

  Uruguay sold 2 billion in a new 2024 global bond at a yield of 4.521% as a part of a debt liability operation that includes a debt swap, the government said on Wednesday.

• Friday, May 10th 2013 - 07:13 UTC

  Moody’s says Uruguay banking system outlook is stable; strong economic growth and domestic demand

  

  The outlook the Uruguayan banking system is stable, based on expectations that continued economic growth and favourable labour market conditions will sustain loan growth and banks' profitability, says Moody's Investors Service in the report “Banking System Outlook: Uruguay.”

• Thursday, January 3rd 2013 - 00:40 UTC

  Uruguayan president believes Argentine economy “can’t remain closed much longer”

  

  President Jose Mujica anticipated that the Argentine economy can’t remain ‘closed for much more time’ (protectionist) and forecasted that 2013 will be a ‘clear year’ for Uruguay regarding economic issues.

• Thursday, September 20th 2012 - 22:11 UTC

  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.