Ecuador Economic Outlook
September 12, 2017The economy resumed its upward trajectory in June to close the second quarter on a high note. The Central Bank’s economic activity indicator jumped in June after two consecutive months of sub-par growth. Together with increasing consumer and business confidence, the economic upswing is likely to have carried over into the third quarter. However, political turmoil continues to plague the country’s short-term economic prospects. Newly-installed president Lenín Moreno has shown a remarkable degree of autonomy in the early days of his term, to the point of engaging in a war of words with his predecessor Rafael Correa. Moreno has been encouraging investigators to look into corruption allegations against the previous government, and Vice-President Jorge Glas was already stripped of his powers last month because of his alleged involvement in the Odebrecht scandal.
Ecuador Economy Data
5 years of Ecuador economic forecasts for more than 30 economic indicators.
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Ecuador Economic Growth
September 12, 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 0.6% this year, which is up 0.1 percentage points from last month’s forecast. In 2018, panelists expect the economy to grow 0.9%.
Ecuador Economic News
September 8, 2017
In June, economic activity expanded 6.1% year-on-year, according to the monthly indicator for economic activity (IDEAC, Índice de Actividad Económica Coyuntural).
September 7, 2017
In August, consumer prices were unchanged from the previous month, a slight improvement on July’s 0.1% contraction.
August 4, 2017
In July, consumer prices fell 0.1% over the previous month, a slight improvement on June’s 0.6% contraction.
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).