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  • Sharp Contraction in 2020 - WA#23
    Sharp Contraction in 2020 - WA#23

    Foreign trade first quarter

  • Non-oil exports grew 10.1% as of March in rolling 12-month periods. Behind this faster expansion rate is shrimp which enjoyed a stellar 23.4% performance during the period, followed by bananas at 8.2%. (WA#23)

  • Of each dollar lent as of March 2020, 45¢ were extended by private banks (excluding Banco del Pacífico), 34¢ by government-owned banks (including Biess, Conafips and Banco del Pacífico), 20¢ by credit unions (from all segments) and 1¢ for mutualists. (WA#22)

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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

  • 23.- SHARP CONTRACTION IN 2020

    The IMF estimates that in 2020 total exports would contract ?25.2%, while imports would fall ?16.3%. The result would be a trade deficit of -$1.1 bn. In the new April 30 letter of intent with the IMF, the government commits to not imposing restrictions on the flow of capital and goods. However, the Assembly insists on the need to revive import subs...

  • 22.- TROUBLED WATERS

    The fight against covid19 immediately deteriorated the quality of the credit union portfolio. Lockdown stopped production, causing a disruption in the payment chain, the past due ratio rose. This deterioration in the quality of the portfolio must be covered by the equity of the institutions. The Monetary and Financial Board ("The Board") authori...

  • 21.- RAZOR-THIN MARGIN

    It was close, but the government came out victorious from the Assembly, with both urgent laws approved, although it had to sacrifice the tax component of the Humanitarian Law. This law sets rules for emergency banking credit. The Fiscal Planning law sends the right signals to the multilateral institutions that Ecuador finally kicks off structural r...