Macroeconomic Forecast Ecuador

September 2008 | Macroeconomic Forecasts

In June Ecuador's oil exports declined 12.4% y-o-y in volume terms, yet increased 80.6% y-o-y in value, thanks to high global oil prices. We expect this trend to have continued in July, as prices of Brent crude reached their peak early in the month before declining 25% to the end of August.

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