Central Bank calculates slower GDP growth than previously forecasted

Although the Central Bank estimated back in February a growth in Ecuador’s GDP of at least 1.4% for the end of this year, it has recalculated its forecast, throwing out a 0.2% expected growth. However, around 30 economic activities are showing signs of improvement in their commercial value. “It’s always good when an economic sector shows positive numbers. Unfortunately, some of these activities have little impact on the GDP, because their participation in it is small,” stated Gonzalo Paredes, teacher at the Universidad Catolica Santiago de Guayaquil.  One of these cases is the mining and quarry sector, which is calculated…

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