• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
The cheapest vehicle in the world could not circulate in Ecuador
Businessman Daniel Noboa announces his candidacy for the Presidency of Ecuador
Lasso: Never again will a president be left in the hands of a conspiratorial Assembly
Colors of the flag of Ecuador shine in Spain and Australia
Guayaquil will have 1,900 more police officers to reinforce security
Bivalent vaccines against covid-19 will arrive in Ecuador in June
Did you know that deaths from hypertension in Ecuador rose 51% in four years?
Puerto Bolívar obtains a credit of USD 150 million from the United States
The United States and China could throw a lifeline to Ecuador
Lasso reveals to the Washington Post that he does not plan to be a candidate

Ecuador’s economy grew 0.3% in the last three months

Posted On 02 Oct 2019

Ecuador’s economy, which faces problems that have led to foreign debt, grew by 0.3% in the second quarter of 2019 compared to the same period of 2018, the Central Bank (ECB) reported.

“Regarding the first quarter of this year, the growth was 0.4%. With these results, the Gross Domestic Product (GDP) for the period between April and June 2019 stood at 17,988 million dollars, ”the entity said in a statement.

Ecuador’s economy grew 0.3% in the last three months

The Ecuadorian government reduced in June the forecast of economic growth from 1.4% to 0.2% for 2019.

The ECB added that the main factors for the growth of 0.3% in the second quarter of 2019 are the greater dynamics of exports, such as oil, and the final consumption of households, which rose 5.7% and 0, 6%, respectively, at the interannual level.

The GDP registered a year-on-year growth of 0.6% in the first quarter of this year.

The economy of the smallest member of OPEC improved by 1.4% in 2018 and 2.4% in 2017.

Faced with financial problems, the government of President Lenín Moreno, which began in May 2017, has resorted to external indebtedness.

Public liabilities stood at 39,491 million dollars (36.2% of GDP) last July, according to the ECB.

In the face of bulky budget deficits, the Executive has issued sovereign bonds on several occasions that exceed 10,000 million dollars.

In February, it also secured loans for 10.279 million dollars from multilateral organizations, which will be disbursed in three years.

Source: https://www.eluniverso.com/noticias/2019/10/01/nota/7543105/economia-ecuador-crece-03-segundo-trimestre-2019

About the Author
  • google-share
Previous Story

Ecuador still seeks the criminal authors of the Data Leak

Next Story

A Peruvian company invests in the Ecuador’s Plastic Industry

SEARCH

LATEST NEWS

The cheapest vehicle in the world could not circulate in Ecuador

Posted On 25 May 2023

Businessman Daniel Noboa announces his candidacy for the Presidency of Ecuador

Posted On 25 May 2023

Lasso: Never again will a president be left in the hands of a conspiratorial Assembly

Posted On 24 May 2023
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net