Ecuador economy expected to grow 3.5 percent in 2013, down from 2012

According to ECLAC projections, Ecuador grow this year by 3.5%, lower than that recorded last year, when economic growth closed at 4.8%. Ecuador’s performance this year would be in the average South American countries, which are generally more specialized in the production and export of raw materials. That growth (3.5%) in 2013 would give thanks to the continued growth of the Asian economies, which has positive effects on both the level of income as in the performance of export activities.

The countries of Latin America and the Caribbean will grow on average 3.5% in 2013, thanks to the dynamism of domestic demand and maintain the best performance of Argentina and Brazil compared to 2012, according to projections released today by the Economic Commission for Latin America (ECLA) , which released its report updated economic balance of Latin America and the Caribbean 2012, which updates the figures and information delivered in December. The result for 2013 is due, on the one hand, the higher growth of Argentina (3.5%) and Brazil (3.0%) due to the recovery of agriculture and investment, who scored falls in these two countries in 2012, ECLAC said in a statement. Read Article