Ecuador’s 2023 GDP Outlook Cut Again by Central Bank
Ecuador’s Central Bank (ECB) has adjusted its 2023 GDP growth prediction from 2.5% to a more conservative 1.5%. Earlier in March, even higher growth of 3.1% was predicted. For 2024, a modest 0.8% growth is anticipated. According to the bank’s report, some sectors will perform well this year. For instance, retail and vehicle repair may […]