The Tourism Weekwhich should end with the signing of the social security reform by the president Luis Lacalle Poufinds the government in a delicate situation with its coalition partners Town meeting.
In the economic sphere, today the latest Consumer Price Index (CPI), an indicator that could be key in view of the next meeting of the Monetary Policy Committee of the Central Bank of Uruguay (BCU) and that it could begin to demonstrate the impact of the drought at local prices.
Cabildo Abierto, that uncomfortable partner
The government and the National Party (NP) will continue this week with talks with Cabildo Abierto, the force of Guido Manini Rios that forced an impasse in the treatment of the social security reform until Monday the 10th.
The lobbyists extended their list of claims to support the pension initiative and added, to the changes required in the text designed by Rodolfo Saldaínthe demand to legislate various controversial bills, including reparation for victims of the guerrilla and house arrest for people over 65, which would imply a implied pardon for about 20 convicted of crimes against humanity.
The CPI for March will be known
He National Statistics Institute (INE) The CPI for March will be released this Monday, an expected indicator to see the direction of economic activity and consumption and in which, according to observers, the effect of the historic drought on the values of vegetables and fruits could begin to be noticed.
In February the data of the inflation registered a monthly variation of 1.00%, accumulated in the year 2.57% and in the last 12 months of 7.55%. The government’s goal for this year is 3-6% and it is the condition for the BCU to leave behind its contractive policy.
Tourism Week and the end of the season
Tour operators await the consolidated numbers for this Tourism Week to mark the end of what was a good summer season, albeit far from the record start forecasts for January.
The sales of packages and tickets increased by 20% compared to last year, as reported by audavi to scope.com, but it is still well below pre-pandemic levels (-20%). The main cause is that Uruguay did not recover the air connectivity prior to Covid-19.
During the weekend, more than 34,000 Uruguayans crossed the international steps with Brazil and Argentina. There were long delays to the latter country, showing that the exchange difference makes Argentine border cities attractive.
However, towards the middle of the week another peak in tourist movement is expected, also of entry of foreignerssince non-working days are Thursday and Friday, which coincide with Holy Thursday and Good Friday of the Catholic liturgy.
Source: Ambito
