Uruguay’s election will not bring radical change

Significance The FA regained the government with a moderate platform of gradual change, macroeconomic balance, and policies to improve private investment and income distribution. The new government’s moderate tone aligns with public opinion, which has tended to favour broad continuity. Impacts Recent improvements in growth and inflation rates may facilitate the incoming government’s initial steps. The incoming government will face challenges arising from its changing political leadership. Efforts to stimulate greater competitiveness and higher growth after a long period of sluggish performance will take time to bear fruit.