BBVA Research: Uruguay Economic Outlook 2023
After the pandemic and the end of the construction of the third pulp mill, the Uruguayan economy faces a couple of years of moderate growth. However, in the long term, recent improvements in the sovereign risk rating reinforce the institutional quality and strength of the country’s macroeconomic fundamentals. Key points About Gateway to South AmericaGateway to South America is an independent Brokerage and Advisory company committed to helping foreign investors to invest in Argentina, Brazil, Chile, Paraguay,…
According to the Big Mac Index, Uruguay’s currency is the most overvalued globally.
The Big Mac Index was developed last month, following June, which had the lowest monthly price decline in the 15 previous months. The Big Mac Index for Uruguay According to The Economist, a Big Mac in Uruguay costs 259 pesos, which is equivalent to approximately $6.86. The same hamburger costs $5.58 USD in the USA. On the other hand, it is the 22.9% highest-priced hamburger in the country. The previous index showed that the local currency had a value of 27.8% higher than what was considered to be its “balanced”…
