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Analysis by Region - Emerging Markets - Uruguay

Publisher Oxford Economics
Published Sep 30, 2025
Length 8 Pages
SKU # OFE20535960

Description

We maintain our 2026 GDP growth forecast for Uruguay at 2.1%. We expect domestic demand will become the economy's main growth driver, supported by easing inflationary pressures, more accommodative financial conditions, and wage gains that should gradually bolster consumption. However, robust domestic demand will also fuel import growth, while export momentum will soften as demand from Uruguay’s main trading partners eases, capping overall growth potential.

Table of Contents

8 Pages
Uruguay: New public budget will sustain fiscal consolidation
Forecast overview
Recent developments
Short-term growth outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Long-term prospects
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments and structure of trade

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