Weekly Report - 01 November 2012 (WR-12-43)

ECUADOR | Economic growth slows in second quarter. On 24 October the central bank revealed that year-on-year economic growth in the second quarter of the year was 5.2%, continuing a downward trend that started in the last quarter of 2011, when it recorded growth of 9.2%. In the whole of last year the Ecuadorean economy posted year-on-year growth of 8%. However, in the first quarter of this year, this figure has dropped to 6.3% as activity in the key oil sector experienced a slump.