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Latin American Economy & Business - January 2019

Ecuador: Oil production struggles

Central Bank data confirms that oil production remained lacklustre in late-2018. With the Organisation of Petroleum-Exporting Countries (OPEC) introducing new, reduced quotas for the first half of 2019, Ecuador will come under pressure to reduce oil output further. Coupled with several other gloomy data releases, the near-term economic outlook remains weak.

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