Weekly Report - 26 April 2012 (WR-12-16)

ECUADOR | Central bank forecasts slowdown. The president of Ecuador’s central bank, Pedro Delgado, has announced that the bank expects the country’s GDP growth rate to decrease gradually over the next three years after 7.8% growth in 2011. According to Delgado, the bank’s forecast for 2012 stands at 5.3%, slightly higher than the projections made by the Economic Commission for Latin America and the Caribbean (5%) and the International Monetary Fund (4.5%). Delgado said that forecasts for 2013 and 2014 stood at 4.4% and 3.3% respectively.

End of preview - This article contains approximately 797 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial