Weekly Report - 19 October 2017 (WR-17-41)

Ecuador’s President Lenín Moreno has finally unveiled his much-awaited economic plan for next year, with an increase in corporate tax the headline measure. Moreno’s softly-softly approach to the country’s fiscal deficit of at least 5% of GDP risks backfiring, as the government will have to become more indebted to fund a gradual adjustment, and at potentially higher borrowing costs.

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