Ecuador Infrastructure Q3 2019
Ecuador's construction industry will fall back into recession throughout 2019, after experiencing a modest 0.6% realgrowth in 2018. Fiscal consolidation efforts by the Moreno government will significantly limit public infrastructure investment,presenting headwinds to industry growth. At the same time, Ecuador's poor business environment will weigh on privateconstruction investment and housing development. After a contraction of 1.7% in 2019, we expect growth to rebound to average3.2% per annum between 2020 to 2028.
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