World Economy

Ecuador Showing Signs of Recovery

Ecuador Showing Signs of RecoveryEcuador Showing Signs of Recovery

The Ecuadorian government, that will be elected next February 19, will receive a country with a growing and stabilized economy, says the president of the republic, Rafael Correa, Prensa Latina reported. The economy not only did not collapse, but it shows clear signs of recovery without the economic measures taken by the old political parties, he said, referring to forecasts by some government detractors about a crisis. In a speech on the tenth anniversary of the revolution, from Guayaquil, the president said for 2017 growth is forecast at 1.4%. “We will leave the next government a growing and stabilized economy,” assured the head of state. Correa recognized that the economy was negatively impacted by a series of external and environmental problems, which affected development, but are already on the way to be solved.”


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