[News] Next president will inherit an Ecuador that will grow at less than 2% between 2024 and 2027

[Ｓｅｖｅｎ 7]

The economic reality is critical. It will take a president who tells the country the truth and is not afraid to make reforms that probably will not benefit him in the short term.

In the latest study published by the Central Bank of Ecuador (BCE), it is projected that, without structural changes (legal reforms, consensus and investment promotion), the Ecuadorian economy will grow 1.7% of the Gross Domestic Product (GDP) between 2024 and 2027.

 

 

The new president will start with a minimal margin to generate employment and boost investments, despite campaign promises.

Alberto Castro, economist and former consultant to international organizations, explained that the next president, in the best of cases, will be able to promote changes, via po[CENSORED]r consultation or laws in the Assembly, so that the results are seen in better performance during the next Government. from 2025.

“Miracles cannot be done. The responsible thing would be to have a clear roadmap and carry out three or four specific reforms, try to specify the investment processes that Lasso will leave in motion, not irresponsibly increase public spending, and prioritize resources in the fight against crime and the public work with the most impact,” he pointed out.

 

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