2024-03-14 08:08:11
For the growth of the country, this year the Government projects 0.8%. That is the expectation raised in the 2024 budget proforma, which was sent to the National Assembly. Although in its forecasts, the Central Bank, after a change in methodology which is used for the calculation, is more optimistic.
“In a very preliminary way, we are estimating for 2024, an economic growth of around 2%, once the tax reforms have been completed,” he said. Guillermo AvellánGeneral Manager of Banco Central.
But whether it is 0.8% or 2%, the truth is that the projection is less than the 3% expected for 2023. That is, the Government is aware that this year the country will not grow. “There is a slowdown in the economy. A slowdown means a deceleration. And Ecuador has had zero economic growth in the last 5 years, that is, it has been zero. Even 0.8% can be too big,” said Andrés Albuja, member of the Economic Forum.
And if that is the case, the impact will be seen in the generation of employment. “When a country does not grow it means that sales are stopped and that new jobs are not being generated. That is what the equator is experiencing right now. At the end of the day, less employment and less generation of well-being,” he said. Alberto Acosta Burneoweekly analysis editor.
Another affected will be investment. “Unfortunately, Ecuador does not have the attractions to invest. We still have to work on making it easier to do business in Ecuador, eliminating excessive procedures,” Acosta added.