Growth Slows Amid Loss of Confidence

ECUADOR - Report 22 Jul 2015 by Magdalena Barreiro
Executive SummaryEcuadorians are already seeing the painful effects of falling oil prices. Though Q1 economic growth was 3% y/y, but it was down 0.5% from Q4 2014, deepening the downtrend that started in 2013. Household consumption fell 0.57% q/q, government consumption by 1.7%, and gross capital formation by 1.74%. Only exports increased, by 1.92% -- more than in the previous three quarters -- while imports fell 1.94%.A similar trend is taking place at the industry level, where construction (the most important contributor to GDP over the past three years) fell by 2.69%, commerce by 0.65%, ...

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.