Uruguay Current Account Gap Narrows in Q3 📈
Uruguay's current account deficit narrowed significantly in the third quarter of 2024, driven by an increase in the goods surplus and a reduction in the services deficit.
The improvement in Uruguay's current account balance, particularly the expansion of the goods surplus and the narrowing of the services deficit, suggests a strengthening of the country's external position. This is generally positive for the investment portfolio, as it indicates improved economic conditions and potentially better performance of assets tied to the Uruguayan market or economy.
Uruguay Records Trade Deficit for 3rd Month 📈
Uruguay recorded a narrower trade deficit in November 2024 compared to the same period last year, driven by a significant increase in exports, particularly in primary activity and manufactured goods, despite a rise in imports across various categories.
The article indicates that Uruguay's trade deficit has narrowed significantly, which is a positive development for the investment portfolio. The surge in exports, particularly in primary activity and manufactured goods, suggests improved economic conditions and demand for Uruguayan products. While imports also grew, the overall trade deficit reduction is a favorable sign for the portfolio's exposure to the Uruguayan market, such as the long positions in the MSCI World and emerging markets indices.