Ecuador cuts growth expectation in 2014 to 4%

Posted on August 16, 2014 • Filed under: Economy, Ecuador

eluniverso.com reported Ecuador fell 4.5% to 4% its expectation of growth in 2014, due to delays in external financing and that it expects an increase in the import of petroleum products, President Rafael Correa said Saturday.
“We believe that we are going to have to reduce our expectations of growth (…) The ECLAC said that we are going to grow 5%. We believe that we will reach 4%, Correa said during his weekly radio and television program. Read Article

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