Uruguay
The current government of Dr. Tabare Vazquez inherited a country that was just beginning to emerge from the deepest crisis in its history. The legacy of the previous administration was a doubling of the poverty rate in just five years, 200,000 living in extreme poverty; a growth in unemployment to about 13%; a drop in real wages by some 23%; public debt exceeding $US 12 million; an extremely vulnerable financial system; and a 40% drop in Gross Domestic Product (GDP). Given this situation, current economic policy has focused, first and foremost, on guaranteeing external financing in the short term, in compliance with a three-year agreement with the International Monetary Fund (IMF); the second priority has been to increase the surplus so as to guarantee debt sustainability. All in all, the Vazquez government seems committed, economically, to maintaining a certain internal stability in a country and society that was devastated over five years by the recession of 2000-2005. A true path out of crisis, however, will have to improve the well-being of the general population by integrating overall social cohesion, and restoring the labor sector, positioning it as the key component for a productive society, and not just another adjustable variable.
- To read a detailed labor market analysis for Uruguay, download one of the following:
Adobe Acrobat [.pdf] [size 169 kb]
Microsoft Word [.doc] [size 240 kb]
- Para leer (en español) un análisis
detallado de la situación laboral en Uruguay, selecto uno de
los reportes para transferencia directa:
Adobe Acrobat [.pdf] [size 128 kb]
Microsoft Word [.doc] [size 198 kb]
- Para leer estadísticas de la economía de Uruguay, selecto uno de los reportes para transferencia directa:
Adobe Acrobat [.pdf] [size 52 kb]
Microsoft Excel [.xls] [size 4600 kb]
Submitted by:
Instituto
Cuesta Duarte
Calle Piedras 556
Montevideo, Uruguay
Tel (5982) 9164589 y 9156385
http://www.cuestaduarte.org.uy/
Posted to GPN November 2, 2005.
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