World Economy
0

Ecuador Economy to Grow 1.42%

Ecuador Economy to Grow 1.42%Ecuador Economy to Grow 1.42%

Ecuador’s central bank expects the Andean nation’s economy to grow by 1.42% in 2017 with respect to 2016, central bank manager Madeleine Abarca said in a press conference on Thursday, Reuters reported. The country’s economy is seen shrinking by 1.7% this year due in part to a 7.8-magnitude earthquake in April that killed more than 660 people. “Ecuador in 2017 will see growth in its economic activity of 1.42%,” said Abarca, adding that a new trade agreement with the European Union and an increase in the price of oil—a key export for the OPEC nation—would help fuel the expansion.

 

Add new comment

Read our comment policy before posting your viewpoints

Financialtribune.com