Credit Suisse: Ecuador will get another 1,500 million

Image: Expreso

Credit Suisse launched Thursday an updated report on Ecuador in which ensures that “the situation is worse” than three months ago.

The Swiss bank, which lowered its forecast of economic growth in this country from -1.9% to -2.5%, asserts that China will no longer be sufficient and the Government will be forced to reduce public spending. However, as the government anticipated, the bank states that there will be more contracts such as those signed with the French Schlumbelger, allowing to raise 1,500 million dollars “through oil contracts.”

Source: http://expreso.ec/expreso/plantillas/nota.aspx?idart=8867376&idcat=38229&tipo=2