1945

Ecuador’s economy grew by 4.1% in 2006, as compared to the 4.9% growth rate recorded in 2005. Unemployment fell and the employment rate rose on the strength of the buoyant performances turned in by sectors employing a large workforce, such as services (including commerce). Annual inflation remained low at 2.9%, while exchange-rate competitiveness was buoyed by a depreciation of the United States dollar against the currencies of Ecuador’s trading partners.

Related Subject(s): Economic and Social Development
Countries: Ecuador
/content/books/9789211561111s007-c007
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