Latin American Economy & Business - November 2013 (ISSN 1741-7430)

The Ecuadorean economy posted real GDP growth of 3.5% year-on-year in the second quarter of 2013, maintaining the 3.5% rate achieved in the first, the central bank reported in early November. On a quarter-on-quarter basis, output was up 1.2%. Growth in the March-June period was supported by the construction, communications and oil sectors. While these numbers were taken as encouraging, the overall trend remains for growth to slow, both for Ecuador and the wider region.