Economy / Ecuador
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Strong Trade Balance Masks Weaknesses
May 2008 | Economic AnalysisSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Powered primarily by elevated oil prices, Ecuador's trade balance posted a very strong surplus of US$1.1bn in Q108. Fundamental risks remain for production, but with global oil prices pushing ever higher, we are upping out year-end trade surplus forecast to US$2.9bn.