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Uruguay: 2012 Article IV Consultation

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  • International Monetary Fund

Abstract

Uruguay’s near-term outlook is positive, but with risks and policy challenges. Medium-term challenges include bolstering the economy’s resilience to shocks and fostering productivity growth. Inflation is a priority and monetary policy cannot fight inflation alone; concerted efforts on other fronts are also necessary. Near-term fiscal policy could better support monetary policy. A long-term policy challenge is to bolster growth prospects and reduce output volatility. The political cycle should be propitious for continued sound policies and progress with reforms.

Suggested Citation

  • International Monetary Fund, 2013. "Uruguay: 2012 Article IV Consultation," IMF Staff Country Reports 2013/108, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2013/108
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=40488
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    Cited by:

    1. -, 2014. "Multi-dimensional Review of Uruguay. Volume 1: initial assessment," Coediciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 37080 edited by Cepal, July.

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