Uruguay Trade Deficit Narrows in December đ
Uruguay's trade deficit narrowed in January 2025 compared to the same month last year, driven by a surge in exports of manufactured and primary goods, while imports also grew across various categories.
The narrowing trade deficit is a positive sign for the Uruguayan economy, which could benefit the portfolio's exposure to the Latin American market. However, the overall impact is moderate as Uruguay is a relatively small market compared to the portfolio's broader global exposure.
Uruguay Inflation Rate Accelerates in February âšī¸
Uruguay's annual inflation rate increased slightly to 5.10% in February 2025, with price increases in housing and utilities, while inflation slowed in food, transportation, and restaurant costs.
The article discusses inflation data in Uruguay, which is not a significant holding in the given portfolio. The overall impact on the portfolio is expected to be neutral.