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Economic Survey of Latin America and the Caribbean 2007-2008

Macroeconomic Policy and Volatility

image of Economic Survey of Latin America and the Caribbean 2007-2008

The Economic Survey is one of ECLAC's flagship publications, and has been issued since 1948. This new edition covers the region's economic performance in 2007 and the first semester of 2008, and suggests growth estimates for this year.

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Ecuador

The economic growth rate in Ecuador was 1.7% for the first three quarters of 2007, and preliminary estimates from the central bank suggest that the figure for the full year will be 2.7%. This reflects a slowing of economic growth, which had stood at 6% in 2005 and 3.9% in 2006. This figure, among the lowest growth rates in Latin America for 2007, was mainly due to falls in oil production and the investment rate, despite the favourable world situation in terms of the prices of the country’s exports and the depreciation of the dollar against the currencies of its trade partners. The economy is expected to grow by 3% in 2008.

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