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  • Looming Recession - WA#32
    Looming Recession - WA#32

    August indicators overview

  • Treasury deposits at the Central Bank are at a very lower level since mid April. As of August 9, they are $631 mn, down -$481 mn from four weeks before. IESS deposits in the Central Bank, at $524 mn, are down -$6 mn in four weeks. (WA#32)

  • Most foreign investment in Ecuador comes from capital stock, a small part in reinvested profits. Assets/Liabilities with investors tend to be mainly liabilities. Note how foreign investment has been falling in recent years. For more on private investment, both national and foreign, see WA#30. (WA#31)

Welcome to Grupo Spurrier

Grupo Spurrier is the leading company in the development of key solutions and services for business success; it specializes in monitoring the economy and politics of Ecuador, as well as on economic research, market research, consulting and corporate training, models and business plans development, investment plans, and market power law consulting.

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Weekly Analysis Briefs


    Country risk is rising on account of agitated markets, resulting from Trump?s trade war, and a placing of bonds is out of the question for the time being. The government is running out of cash, and is to recur to extraordinary measures to raise it: a tax amnesty and hiking the price of gasoline. Both measures would result in lower purchasing power:...




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