1945

In 2009, as a result of the international financial crisis, the fall in oil prices, a drop in remittances and slacker domestic demand, the Ecuadorian economy grew by 0.4%, well below the rate of 7.2% seen in 2008 but above the regional average. Conditions improved in late 2009 and there were clear signs of an upturn. Consequently, a stronger economic performance is expected for 2010, with growth projected at 2.5%.

Related Subject(s): Economic and Social Development
Countries: Ecuador
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