Uruguay

Uruguay's economy grew at a robust rate of 10.8% y-o-y during the first quarter of 2008, on the back of burgeoning domestic demand. Transportation and manufacturing were particularly... 2008-07-08

We are revising up our forecast for Uruguay's current account deficit to 1.3% of GDP this year (from a previous estimate of 0.6%) on the back of spiking import growth. Soaring oil... 2008-06-30

The Uruguayan system of tripartite salary negotiation between workers, employers and the government appears to be causing friction between the parties involved, with business leaders... 2008-06-09

Uruguay's fiscal dynamics have seen a gradual improvement over recent years, with the nominal fiscal deficit narrowing from 4.9% of GDP in 2002, to just 1.8% of GDP in 2007. We expect... 2008-06-09

The central bank's new capital controls have not prevented the Uruguayan peso from reaching multi-year highs of UYU19.35/US$. Driven largely by high global commodity prices, we see... 2008-06-05

Expectations of further dry weather and prospects of a drought have prompted Uruguayan authorities to implement phase two of an energy saving plan introduced in April. With little... 2008-05-09

Rising food prices are increasingly putting pressure on consumer prices in Uruguay, and we caution that an escalation of inflation could weigh on the country's political risk ratings... 2008-04-15