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Update on the Ecuadorian Economy

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Publication Date:

Publisher(s): Center for Economic and Policy Research

Author(s): Mark Weisbrot; Luis Sandoval

Topic: Banking and finance (Money and monetary policy)

Keywords: National debt; Global recession; Foreign currency

Type: Report

Coverage: Ecuador

Abstract:

This paper provides an overview of major macroeconomic and social indicators and policy changes in Ecuador over the two and a half years since President Rafael Correa took office in January 2007, including economic growth, social spending, fiscal policy, inflation, foreign debt, the trade balance, and various policy changes as well as the recent impacts of the world recession.