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Economy & Business - March 2026
URUGUAY: Modest growth and rising debt under Orsi despite tailwinds
In his election campaign, centre-left President Yamandú Orsi had promised not to rock the boat and to run a middle-of-the-road government. One year after his inauguration in March 2025, Uruguay’s economic performance is also middle of the road. However, despite some favourable tailwinds that included a massive inflow of money into emerging markets last year, the economy is slowing, public finances are deteriorating, and Orsi seems to be leaning towards policies that could slow activity further.
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