Ecuador's 2023 GDP Outlook Cut Again by Central Bank

INSUBCONTINENT EXCLUSIVE:
growth of 3.1% was predicted.For 2024, a modest 0.8% growth is anticipated
Gross Value Added (GVA)
Oil and gas sectors could experience a 7.4% increase.Conversely, the Economic Commission for Latin America and the Caribbean (ECLAC) is more
(Photo Internet reproduction)It projects a 1.7% growth rate for the region in 2024
It gathered opinions from 22 analysts
Their consensus predicts just a 1.1% increase for Ecuador this year.Amid this, political unrest exists in the nation
A presidential runoff is awaited.To end the year, analysts forecast a 2.0% inflation rate
economic future
forecast is a crucial indicator
It signals caution for investors and policymakers alike.Notably, the oil and gas sectors seem promising
Their potential growth could be a much-needed boost for the economy.On the other hand, the differing projections add complexity