The former undersecretary of the MEF stated that, currently, the national economy presents some “shadows” and “yellow lights.”
He former undersecretary of the Ministry of Economy and Finance (MEF), Pablo Ferrerimaintained that the Uruguay should grow much more than it does, and that currently the national economy presents some “shadows” and “yellow lights”, so the speech given by the President Luis Lacalle Pou before the general Assembly Yesterday is not consistent with reality.
This Sunday, at a press conference, the former official of the second government of the former president Tabaré Vázquezassured that Lacalle Pou described the country as “a world of wonders” in front of Parliament, but that this is not reflected “on the street”, both in economic and security matters.
“In economic matters there are good employment data,” Ferreri said, although he added: “Our economy has some important shadows and yellow lights.”
“The exchange rate delay is the most important in the last 25 years”
“We have had a decade of very low growth, we have not made progress or improved in terms of inequality or child poverty,” said the public accountant.
According to Ferreri, the above factors, added to a “tense fiscal situation” and “an exchange rate delay that is the most important in the last 25 years,” will force the next government to have “a very powerful pro-growth agenda.”
“Uruguay has to grow much more than it is doing, and that has to go hand in hand with an improvement in inequality and poverty data,” said Ferreri before adding that “that requires doing new things or doing better things, because with what you are doing Uruguay Today it has not grown significantly for a decade and its inequality indicators have been flat for a decade.”
In February, the former Minister of Economy and Finance and former director of the Planning and Budget Office (OPP), Isaac Alfiealso stated that the Uruguayan economy has room to grow at more than double the speed with which it did in recent years.
Source: Ambito
