Searcher
Juan Manuel Manías
Juan Manuel Manías
BBVA Research - Principal Economist

•M.A. in International Economics Relations (UBA, Argentina)

•B.A. in Economics (UBA, Argentina, Magna Cum Laude Honours)

•Previous work experience includes Banco Francés Financial Area since 2000.

•Joined Economic Research Department in 2009

Latest publications

After a weak GDP growth of 0.4% in 2023, activity will grow 3.2% in 2024 due to the recovery of the agricultural sector, hydroelectric power generation and private consumption. Even so, reforms are needed to gain competitiveness and maintain a sustainable growth path.
After 6 months in office, the government has made significant progress in improving the fiscal balance, which in turn resulted in a reduction of monetary issuance and a deceleration of inflation. The challenge now is to consolidate the fiscal surplus and dismantle FX-market restrictions to foster sustainable growth.
Uruguay continues to show a solid, liquid financial system with a good quality loan portfolio that translates into low levels of non-performing loans. Compared to the rest of the region, the penetration levels of the financial system are mid-range, which gives it a high growth potential for the medium term.