Uruguay’s Orsi Confronts Economic Headwinds and Shifting Geopolitics
One year into his term, President Yamandú Orsi has made moderate gains in security and trade diversification amid new foreign policy pressures and a slowing economy.
Uruguay’s president, Yamandú Orsi, has just completed his first year in power amid a rapidly changing political landscape. Latin America’s continuing shift to the right and renewed U.S. assertiveness in the region have created new foreign policy challenges for Orsi’s left-wing government, which are in some cases aggravating domestic economic problems. Orsi’s administration faces a marked economic slowdown and a widening fiscal deficit, while hard-left parties within the ruling Frente Amplio coalition are pressuring the government to implement a new tax on the wealthy and preserve...
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