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Latinnews Daily - 22 December 2017

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In brief: Ecuador

Ecuador: Economy & Finance Minister Carlos de la Torre has said that he expects the country’s fiscal deficit to close at 4.5% of GDP this year and that he hopes that it will drop further to 3.9% in 2018. According to the most recent (December) report by the United Nations Economic Commission for Latin America & the Caribbean (Eclac), Ecuador’s fiscal deficit was 7.4% in 2016, although Eclac is forecasting it will close at 4.7% this year.