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…
Want to read the whole story?
Subscribe to The Cuenca Dispatch and gain full access to this story, weekly issues, plus the entire running archive! With your subscription, you will gain access to all the news you'll need concerning Ecuador as a United States expat.
Get access to our most read articles
- Cuenca expat scene is ‘changing before our eyes’
- Los Perniles
- Immerse yourself in Cuenca’s bountiful markets
- CRIME REPORT
- Ecuadorian named to Time magazine’s 100 most influential people list
- Cuenca identifies 7 most dangerous places to be a pedestrian in the city
- Global warming? Most of the hot air is generated by politicians
- The American dream: The experience of an Ecuadorian woman who fell in love with your country.
- IESS launches “primary care” concept to patients
- What should you bring to Cuenca?