Uruguay's next government faces large deficits, low growth, Fitch says

Uruguay's next government faces large deficits, low growth, Fitch says

Economy & Policy Corporate & Sovereign Strategy Debt Capital Markets Bonds Fixed Income Regulation Politics Uruguay

Uruguay's incoming government faces the task of lowering a large fiscal deficit in an environment of low economic growth, Fitch Ratings said in a report.President-elect Luis Lacalle Pou won a narrow victory at the polls on November 24, ushering in an end to the 15-year rule of the center-left coalition Frente Amplio. He takes office on March 1 next year, after promising to lift anemic economic growth and cut the deficit.Those two tasks, however, will test his administration’s ability to take "de

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