Weekly Report - 11 June 2015 (WR-15-23)

ECUADOR | GDP forecast slashed for 2015. Admitting that the economy “is decelerating” and “growing at a lower rate than we’re used to”, Ecuador’s central bank (BCE) has slashed its 2015 real annual GDP forecast to just 1.9%, from the original 4.1%, as a near 50% fall in oil export earnings has left the economy stuttering.