Ecuador Economic Outlook
July 12, 2016Ecuador’s economy is facing a sharp slowdown as it is being dragged down by manifold domestic and external headwinds. As still-low oil prices continue to weigh on exports, Ecuador’s dollarized economy cannot utilize currency adjustments to increase export competitiveness. Economic struggles are exacerbated by the impact of April’s devastating earthquake, as evidenced in that month’s drastic 14.7% drop in economic activity. Private consumption will likely weaken this year on the back of the fiscal measures implemented in the earthquake’s aftermath, and public spending will be restrained by low oil revenues and tight financing conditions. Against this backdrop, the government’s postponing a planned bond issue in June due to heightened marked volatility following the UK’s Brexit vote comes as a setback, as it would have helped to address the country’s dire funding needs.
Ecuador Economy Data
5 years of Ecuador economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Stock Market||1,056||0.90 %||Jul 26|
Ecuador Economic Growth
July 12, 2016Ecuador is expected to fall into a severe recession this year. FocusEconomics Consensus Forecast panelists see GDP contracting 2.9% this year, which is unchanged points from last month’s forecast. Panelists forecast the economy to decline a softer 0.2% in 2017.
Ecuador Economic News
July 6, 2016
In June, consumer prices rose 0.36% over the over the previous month.
June 14, 2016
In April, economic activity deteriorated and recorded the deepest contraction in over six years.
June 6, 2016
In May, consumer prices were almost unchanged over the over the previous month, rising only 0.03%.
Ecuador: Fallout from massive earthquake will restrain economic growth and increase fiscal pressures
May 12, 2016
A magnitude 7.8 earthquake hit large areas of Ecuador’s Pacific coast on 16 April with substantial effects on economic activity and devastating consequences for the country’s population.
May 12, 2016
In March, economic activity deteriorated, contracting 8.8% over the same month last year, according to the monthly indicator for economic activity (IDEAC, Índice de Actividad Económica Coyuntural).