Ecuador: Hit by the fall in oil prices, economy will grow just 0.4 percent in 2015

reuters.com reported Ecuador has now slashed its growth projections twice this year, from 4.1 percent originally and 1.9 percent mid-year.

The South American nation’s dollarized economy means it has been hard hit both by the tumble in commodities prices and the appreciation of the U.S. dollar.

First elected in 2007, Correa has faced protests this year after attempts to increase capital gains and inheritance taxes, which the government says will only impact the wealthiest. Read Article

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