Industry in Ecuador

Ecuador Industry | Economic News & Forecasts

Ecuador - Industry

Ecuador finally struck a deal with the IMF at the end of February for a USD 4.2 billion Extended Fund Facility, that will support the economy over the next three years. The package forms part of a wider credit line of more than USD 11 billion from other multilateral lenders, which should help alleviate the dollarized economy’s liquidity shortfalls and revive lackluster growth while slashing spending. The funds will be front-loaded, that should enable the cash-strapped nation to meet its financing needs this year without having to tap into financial markets. The agreement was welcomed by the markets and spurred a rally in the country’s sovereign bonds. While national accounts data for Q4 2018 has yet to be released, the economy’s performance likely remained subdued in the quarter as tighter credit availability weighed on private consumption and investment. Persistently downbeat consumer sentiment has also curbed household spending.

Ecuador - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)6.2  3.7  -0.4  -2.5  2.1  

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Ecuador Industry Chart

Ecuador Industry

Ecuador Facts

Exchange Rate25,0000.0 %Mar 20
Stock Market1,3970.17 %Mar 19

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