Uruguay : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of Uruguay
Author/Editor:
International Monetary Fund. Western Hemisphere Dept.
Publication Date:
February 22, 2019
Electronic Access:
Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
Uruguay has preserved macroeconomic stability in the wake of the turbulence in the region thanks to prudent policies and the accumulation of buffers over the years. The Uruguay peso depreciated since April, but the bond spreads have remained stable. Inflation rose above the 7-percent ceiling—due to the drought and the impact of the peso depreciation. The current budget postponed the achievement of the 2.5-percent of GDP deficit target by one year, to 2020, past the mandate of the current government. While an appropriate counter-cyclical response, additional measures will be needed to achieve the target.
Series:
Country Report No. 19/64
English
Publication Date:
February 22, 2019
ISBN/ISSN:
9781484399880/1934-7685
Stock No:
1URYEA2019001
Price:
$18.00 (Academic Rate:$18.00)
Format:
Paper
Pages:
69
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