Ecuador’s economy to grow between 4 and 4.5 percent in 2015 per Finance Minister

uk.reuters.com reported Ecuador’s economy will grow between 4.0 percent and 4.5 percent next year, while inflation should be less than 3 percent, Finance Minister Fausto Herrera said on Tuesday. The oil-dependent nation, OPEC’s smallest member, is also facing a budget deficit of 4.0 to 5.0 percent of gross domestic product in 2015, Herrera said in an interview. “That’s the objective of the monetary policy we have next year and the budget will be adjusted based on that,” Herrera told Reuters on a visit to Colombia to sign a $617.6 million loan deal with the Latin American Reserve Fund. Read Article

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