Uruguay

BMI View: Uruguay's current account balance deteriorated markedly in 2008, posting a deficit of 1.8% of GDP. The country's quarterly current account deficit continued to widen in... 2012-04-27

BMI View: Uruguay's unemployment rate came in at 5.3% in December, only slightly lower than our 5.5% forecast for 2011. In line with our expectations that the Uruguayan economy will... 2012-04-01

Forty-two percent of Uruguayans eligible to vote supported current President José Mujica at the end of February, according to a poll conducted by Interconsult. Mujica, who has just... 2012-03-29

BMI View: Uruguay's real GDP growth came in at 5.7% in 2011, slightly above our forecast of 5.4%. Strong private consumption and robust fixed investment inflows continued to support... 2012-03-29

BMI View: In our last sovereign risk ratings, we argued that there were more credit downgrades in the pipeline, and since September there has been a discernible shift in this direction... 2012-02-08

BMI View: Uruguay's consumer price inflation came in at 8.1% y-o-y in January, down from 8.6% a month earlier. We believe the Uruguayan central bank has now completed the hiking cycle... 2012-02-03

Uruguayan President José Mujica backed Argentina's sovereignty claims over the Falklands Islands with an official statement. Referring to a controversy over a measure that prohibits... 2012-01-10

We expect the Banco Central del Uruguay (BCU) will hold its monetary policy rate at 8.75% in 2012, following its decision to hike by 75 basis points (bps) in its last policy meeting... 2012-01-06

The Uruguayan government issued a formal complaint against recent remarks by French President Nicolas Sarkozy's at a G20 meeting in Cannes that Uruguay should be isolated because "it... 2011-11-24

BMI View: Consumer price inflation accelerated slightly in October, coming in at 0.7% m-o-m and 7.9% y-o-y, prompting us to upwardly revise our forecast for end-2011 to 7.5% from 6.0%... 2011-11-24