Ecuador
- Auteur: Commission économique pour l'Amérique latine et les Caraibes
- Main Title: Economic Survey of Latin America and the Caribbean 1989 , pp 365-385
- Date de Publication : décembre 1989
- DOI: https://doi.org/10.18356/2f2d53a8-en
- Language: Anglais
The structural adjustment programme for the Ecuadorian economy begun in mid-1988 rapidly narrowed the fiscal deficit and managed to reduce inflation, even if the annual level still remained high. The slackening in domestic demand -a side effect of the adjustment process- has its counterpart in sluggish activity and in a consequent contraction in the per capita gross domestic product (GDP). The external current account, for its part, showed less of a deficit, and there was an increase in the international reserves, albeit based on an increase in official indebtedness, due in part to the arrears in interest payments to commercial banks.
© United Nations
ISBN (PDF):
9789210583299
Book DOI:
https://doi.org/10.18356/075cc9f2-en
Related Subject(s):
Développement économique et social
Sustainable Development Goals:
Countries:
Équateur
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