The Observer – Montevideo
The World Bank corrected Uruguay’s growth forecasts by 2025 and 2026 as a result of a more uncertain external context. For the medium term it estimates that the scenario becomes more challenging for the region.
The agency toured the same path as the International Monetary Fund, IMF, and cut Uruguay’s growth forecast.
In the previous report on world economic perspectives – published at the beginning of the year – it was foreseen that the Uruguayan economy would grow 2.6% in this year and next. However, an update made on Tuesday cut the growth by 2025 and 2026 to 2.3% and 2.2%, respectively.
The projection is below the expectations of analysts who respond monthly by the survey prepared by the Central Bank, BCU. In the last consultation, the forecast was 2.5% for this year.
In the IMF vision, which updated its estimates this Tuesday, the growth of Uruguay went from 3% to 2.8% by 2025.
