The main idea of this article is that Uruguay has many promising opportunities for American investors in the future as there economy is predict to skyrocket in the following years largely has the pandemic is ending. While the global economic recovery from the pandemic has been still bumpy more many countries, the economies of Israel and Qatar are recovering well and their outlooks generally well-insulated from negative pandemic developments thanks to extensive vaccination rollouts and/or low infections rates. There are reports from the Atradius 2022 most promising opportunities say they predict that Uruguay economy will do the same thing as Qatar and Israel as this will positive impacts on Uruguay.
This is important because there is now a criteria that countries can fit that help bring promising opportunities for investors and exporters that Uruguay fits. The baseline criteria that they meet to be believed to be a country with rapid growth in the future is economic performance, macroeconomics strengths, and the Covid 19 situation. To expand on the details by economics performance they mean that the pace of GDP growth in the wake of the Covid-19 crisis compared to before the pandemic to find growth opportunities. For macroeconomics strengths it talks about Uruguay stable political and institutional conditions to facilitate ease of doing business. Finally the last criteria is Covid 19 has been doing well where the infection rate and vaccination rate, as a proxy for the virus being relatively under control, allowing for economic activity and reducing the risks that the emergence of new variants could pose for that trade.
This relates to what we have been talking about in class how what going on in Uruguay will most likely a positive effect on the whole world and on many American investors. Although there is some worrisome as Uruguay is facing rising prices, but the country has strong shock resilience as inflations does not expect to go over 8% throughout the years. Uruguay is one of the strongest democracies in the world, with a stable political and business environment that I greatly believed the economy will continue to rise for the next couple years.