Uruguay: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Uruguay

International Monetary Fund

No 2016/062, IMF Staff Country Reports from International Monetary Fund

Abstract: Uruguay has achieved more than a decade of high and inclusive economic growth, supported by social stability and reduced regional linkages. The country has weathered the recent global and regional headwinds relatively well so far. Yet the economy is slowing down, while inflation remains above target, and deposit dollarization has risen. While the baseline projection foresees a temporary and moderate slowdown, the country is exposed to further shocks, especially from the immediate region.

Keywords: ISCR; CR; firm contractionary monetary policy stance; exchange rate; prudent approach; Uruguay; consumer price index; government finance statistics yearbook; inflation inertia; emerging-market currency; monetary policy effort; Uruguay's central bank; Public sector; Inflation; Fiscal stance; Global (search for similar items in EconPapers)
Pages: 70
Date: 2016-02-24
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