Ecuador, fifth worse performing economy in the world for 2016 per IMF

Posted on May 12, 2016 • Filed under: Economy, Ecuador

THE CURRENT ECONOMIC CRISIS WORSE THAN 1999 -
Emililo Palacio wrote… In the first quarter of this year, nearly 100,000 urban workers plunged into the abyss of unemployment in Ecuador. That represents half a million people (considering five members per family on average) who were left without a steady income in just three months. Unemployment soared, before the earthquake, of 5.6% in December 2015 to 7.4% in March 2016.

The five countries with the worst economic performance, 2016
Ecuador: -4.5%
Macao: -7.2%
Equatorial Guinea: -7.4%
South Sudan: -7.8%
Venezuela: -8.9%
Source: IMF
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THIS IS ONE BOOK THAT SHOULD BE READ BY ANYONE THINKING OF MOVING TO ECUADOR

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