Macro - Country Economic Forecasts - Ecuador
Our 2024 GDP growth forecast for Ecuador remains at 0.9%, but we have lowered our projection for 2025 by 0.2ppts to 1.2%. Increased VAT rates and high loan interest rates have negatively affected household consumption and investment, which we expect have declined in 2024. However, growth in non-oil exports and increased government spending during the election cycle will partially offset these contractions.
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