Investment To Drive Moderate Growth Acceleration In Uruguay

• Fitch forecasts a modest rise in Uruguayan economic activity in 2020, led by two major infrastructure investment projects.
• Consumption growth will likely remain constrained by high inflation, unemployment and the incoming administration's attempts to curtail government spending.
• The research agency sees upside potential for investment, as President-Elect Luis Lacalle Pou pursues reforms intended to attract foreign investment into the country.

(Source: Fitch)