Uruguay's Left-Wing Return to Power Brings Uncertainty and Opportunities
Uruguay's new president, Yamandu Orsi, is set to take office on Saturday after a left-wing government returned to power, marking a shift away from the right-wing trend in Latin America. Orsi's Broad Front party has tapped into voter concerns about violent crime and inequality, promising "safe change" to contrast with more polarizing figures in the region. The new administration will inherit an economy expected to grow 2.5% this year, with unemployment below pre-Covid levels.
- As Orsi navigates his economic team's ambitious plans, he must confront a tight fiscal deficit and high inflation, raising questions about the sustainability of his campaign promises.
- How will Uruguay's foreign policy stance evolve under Orsi's leadership, particularly in the context of China-US tensions and global trade norms that were significantly altered by President Trump's tariffs?