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Conflicting economic views exposed in Uruguay

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Conflicting economic views exposed in Uruguay

Montevideo, Sep 23 (Prensa Latina) The distribution of the economic results in Uruguay on Friday has clear winners and losers, the Cuesta Duarte Institute at the PIT-CNT, the only trade union, stated.
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An analysis on the evolution of the economic activity after the last National Accounts report drawn up by the Central Bank (BCU) corresponding to the second semester of the year reads as follows.

The institute points out that the problem “lies not so much in the performance of the economy in macro terms, but in the growth modality and fundamentally in the distribution of its results, where clear winners and losers can be visualized.”

It recognizes macro data that talk of a recovery by the Government’s hand, but it mentions the coexistence of very different visions on the economic progress.

In its analysis, it marked an average growth of around 4.7 percent for this year, a rate somewhat above that of 2021.

The Cuesta Duarte Institute concludes that the evolution of the economy and the wage income during the pandemic crisis and its recovery did not affect all sectors or all people equally; “others are still below.”

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