Ecuador Infrastructure Report Q4 2017
Growth in Ecuador's infrastructure and construction industry will be limited in the comingyear, as the government of President Lenin Moreno is forced to make cuts to capital expenditures amid alower oil price environment. The government will attempt to attract additional private investment andpursue public-private partnerships (PPPs) in an effort to continue infrastructure development.
Forecasts and Latest Updates
Infrastructure investment in Ecuador will remain limited as the government cuts capital expenditures forprojects as the administration of Lenin Moreno attempts rein in the country's unsustainable fiscal deficit.
We forecast Ecuador's construction industry to contract by 4.1% in real terms in 2017 and average 1.4%growth over the next five years (2017-2021).
Given the weak oil price environment and lack of large-scale projects advancing through the pipeline, weexpect limited growth in the energy and utilities sector.
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