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LatinNews Regional Monitor: Brazil & Southern Cone - 10 May 2019

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In brief: Uruguay

* The Uruguayan branch of multinational consultancy Deloitte has published their 19th survey of business expectations, with statistics gathered from 360 business executives from across the country. The report finds that 73% of respondents think that the economic situation is worse than in previous years, down from 81% in April 2018. Of those consulted, 73% rated increasing costs as one of the three biggest challenges to their business, and in almost all sectors respondents foresee a reduction in the number of jobs. With regards to politics, only 4% of respondents approve of President Tabaré Vázquez’s government, with 77% disapproving. The areas of the government’s administration that had the worst approval ratings were public security, taxes, and education, with disapproval ratings of 89%, 85%, and 84% respectively. The only area to receive greater approval than disapproval was inflation, which is 0.6% more approved than disapproved.