Uruguay | "Soft landing" of Global Activity and Inflation

Summary

Political events at the centre scene, in a year marked by key elections in many regions with two warlike conflicts with tragic consequences still underway, contrasts with the resilience of the global economy, which continues its very soft landing process of activity and inflation almost silently.

Key points

• Key points:
• Global growth would reach 3.1% by 2024, and should consolidate next year with a 3.3% expansion.
• Growth will still be weak in the region in 2024, although slightly better than previously anticipated. In the case of Uruguay, activity should rebound after being affected by several factors during 2023, including the severe drought and the technical shutdown of the country's only refinery.

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