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Analysis by Region - Emerging Markets - Uruguay

Publisher Oxford Economics
Published Jun 30, 2025
Length 7 Pages
SKU # OFE20204922

Description

We revised our 2025 GDP growth outlook for Uruguay down by 0.1ppt to 2.3%, 0.2ppts below consensus. This reflects our view of slightly softer domestic demand, as subdued real wage growth and a gradual loosening in the labor market temper the pace of private consumption relative to our previous expectations.

Table of Contents

7 Pages
Uruguay: Lower growth outlook due to softer domestic demand
Forecast overview
Recent developments
Short-term growth outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Background
Economic development
Structure of the economy
Balance of payments and structure of trade

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