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Subject
Outlook for economic performance.
Significance
The Uruguayan government ended 2017 facing public disapproval despite having reached agreement for the largest private investment in the country’s history. Continuing growth has not been felt in the labour market. For the left that has governed Uruguay since 2005, disillusion on the part of some of its voters is a risk for the 2019 elections and is generating greater internal political tensions.
Impacts
Despite the government’s woes, the opposition may struggle to form a coalition in 2019.
Growth will likely pick up this year as the ANCAP refinery comes back online.
Price rises for key goods and services will exacerbate tensions.
Keywords:
economy,
industry,
politics,
election,
employment,
fiscal,
foreign investment,
foreign trade,
government,
growth,
opposition,
party,
prices,
automobile,
oil,
soft commodities,
Uruguay,
LA/C
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2018
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