In 2021, Ecuador elected a liberal government, focused on management that promised to arrive at its 100 first days with an 80% coverage of preventive vaccination.
Freedom, management, and prevention have led to trust in economic agents, conducting to an excellent recovery as shown in the following downloadable official document from the Ministry of Economics and Finance released today:
The document depicts the recovery trend towards the GDP observed in the quarter of the rebellion that started in October 2019:
Moreover, in terms of growth, sales have over-performed in specific in commerce, manufacturing, mining, agriculture, health, energy, offsetting as a whole, and in general to transport, services, finance, and other sectors that still face challenges for getting back to a new normal that covers their original plans 2019 (after 2020-2021 COVID crisis):
This way, poverty has started to fall again below levels of 30%: not enough, but with a favorable trend like the following:
The recession seems to be lowering its intensity, in special after seeing prices going back higher, with a controlled Inflation that has created competitiveness related to key markets, as measured by the behaviour of the Real Exchange Rate:
This way, exports, and remittances are growing and flowing, creating not only fiscal balance via tax collection, but also Balance of Payments equilibrium on both sides: commercial and services.
This way, Dollarization looks strong after the political, economic, and social crisis, showing a country with resilience that has received more deposits and international reserves, converging in parameters to the economic fundamentals required for a strong growth during the coming years.
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