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Country Economic Forecasts > Ecuador

  • February 2017
  • -
  • Oxford Economics
  • -
  • 8 pages

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The economy has started to move out of recession but it will struggle to achieve any more than weak growth this year as the government will have to embark on a fresh round of austerity to rein in the large fiscal deficit after 19 February presidential elections. We estimate that GDP shrank by 2.0% in 2016 and will grow by just 0.5% this year before gaining momentum to 2.2% in 2018.

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