Ecuador Economic Outlook
July 11, 2017The Ecuadorian economy accelerated in the first quarter of the year, recording a second consecutive quarter of growth in annual terms. The acceleration was largely fueled by stronger domestic demand, thanks to healthy private consumption and total investment growth. While positive at first glance, the acceleration was actually largely due to a favorable base effect following 2016’s GDP contraction. Indeed, in sequential terms the economy contracted in Q1, reflecting the difficulties the government is having in addressing the economy’s lingering vulnerabilities. In light of the economy’s fragile performance and given the government’s heavy reliance on expensive external financing to fund its current spending, S&P Global Ratings downgraded Ecuador’s credit rating to B- with a stable outlook, down from B.
Ecuador Economy Data
5 years of Ecuador economic forecasts for more than 30 economic indicators.
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Ecuador Economic Growth
July 11, 2017A healthier oil market could provide the main impetus for growth this year, but serious concerns regarding the sustainability of the country’s fiscal position and financing arrangements will continue to cloud the outlook. Our panelists see GDP growing 0.5% this year, which is up 0.1 percentage points from last month’s forecast. In 2018, panelists expect the economy to grow 0.8%.
Ecuador Economic News
July 10, 2017
In June, consumer prices fell 0.6% over the previous month, contrasting May’s 0.1% increase.
April 19, 2017
In February, economic activity in Ecuador expanded 5.7% year-on-year, according to the monthly indicator for economic activity (IDEAC, Índice de Actividad Económica Coyuntural).
April 10, 2017
On 2 April, former vice-president Lenín Moreno of the ruling left-wing Allianza País party won the run-off presidential election by a narrow margin.
April 7, 2017
In March, consumer prices increased 0.1% over the previous month, just below February’s 0.2% increase.
March 10, 2017
In February, consumer prices in Ecuador increased 0.2% over the previous month, just above January’s 0.1% increase.