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Economy / Ecuador

Serious Sustainability Risks

May 2012 | Economic Analysis

BMI View: While Ecuador has narrowed its fiscal deficit over the last couple of years, registering a deficit of -1.1% of GDP in 2011, we believe the country's heavy reliance on oil to fund its fiscal expenditures will lead to problems down the road. With both the political and economic outlook dependent on oil revenues, if oil prices unwind it could lead to substantial unrest.

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