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Tag: Ecuador economy

RIO DE JANEIRO, BRAZIL - The Government of Ecuador revealed this Tuesday that more than 22,000 companies disappeared in the country due to the effects of the coronavirus pandemic and the periods of restrictions applied. This was stated by the...
RIO DE JANEIRO, BRAZIL - Former Ecuadorian president Jamil Mahuad (1998-2000) evoked the late Argentine soccer star Maradona on Thursday, when defending his decision to dollarize Ecuador, a measure that he believes "a historic success" even though it cost...
RIO DE JANEIRO, BRAZIL -  Ecuador's economy contracted 7.8% in 2020 due to the coronavirus pandemic's effects, which hit hard household and government consumption, investment, and exports, the Andean country's economic authorities said Thursday. The fall in Gross Domestic Product...
RIO DE JANEIRO, BRAZIL - The Ecuadorian textile industry is suffering the consequences of a challenging 2020, which came after almost 5 years of declining figures. The sector went from invoicing US$1.387 billion in its local market in 2019,...
RIO DE JANEIRO, BRAZIL - Ecuador is unlikely to reimpose a nationwide lockdown despite an increasing COVID-19 infection rate, said Vice Minister of Health Xavier Solorzano on Sunday, January 4th. His remarks came the same day as a state of...

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