Collapse of stock markets in the world could affect the Ecuadorian economy

The slowdown of the growth of the Chinese economy, which was reflected yesterday with the collapse of stock markets worldwide, could affect Ecuador, according to the Minister of Industry and Productivity, Eduardo Egas.

Therefore, “quite drastic measures” have been taken, such as budget cuts, which the government is already doing, with a reduction of $ 2.200 million. In addition to “making more flexible the entry of foreign capital” to strengthen the balance of payments.

Source: http://www.eluniverso.com/noticias/2015/08/25/nota/5084909/posibles-impactos-ecuador-segun-ministro-analistas

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