Fiscal Balance in Ecuador
Ecuador - Fiscal BalanceA comprehensive release revealed that in the first quarter GDP expanded at the slowest pace since the 2016 recession, amid a downturn in domestic demand drove the slowdown. Notably, fixed investment plunged, while private consumption decelerated to its slowest in over two years, against the backdrop of rising unemployment. That said, upbeat export growth cushioned the fall in domestic demand somewhat, with the external sector making a positive contribution to the overall expansion. Turning to the second quarter, economic activity growth only marginally rose in April, suggesting that momentum remained frail. Meanwhile, on 3 July, the IMF approved a USD 251 million disbursement as part of its Extended Fund Facility program, commending the government’s efforts to foster fiscal sustainability and the progress made in key structural reforms.
Ecuador - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-4.6||-5.2||-6.0||-7.3||-4.5|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||25,000||0.0 %||Jul 11|
|Stock Market||1,335||0.17 %||Jul 10|
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July 4, 2019
Consumer prices decreased 0.04% in June, slightly down from May’s flat result, as lower food prices were only partly offset by higher costs for transport and healthcare.
July 4, 2019
Growth decelerated for a second consecutive quarter in Q1, with annual GDP growth falling to 0.6% from the previous quarter’s 0.8%, marking the weakest expansion in two-and-a-half years.
June 12, 2019
Economic activity rose 2.7% over the same month of the previous year in April, according to the monthly economic activity indicator (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador.
June 6, 2019
Consumer prices came in flat in May after rising 0.17% month-on-month in April. Prices for food and non-alcoholic beverages led the downturn, followed by healthcare.
May 15, 2019
Economic activity grew 2.0% over the same month of the previous year in March, according to the monthly economic activity indicator (IDEAC, Indice de Actividad Económica Coyuntural) released by the Central Bank of Ecuador.