Recently Released Market Study: Ecuador Infrastructure Report Q1 2013
BMI View: Based on quarterly data from the Banco Central del Ecuador, we have revised up our 2012 growth outlook to 15.21%. First half real industry value has surprised, significantly to the upside - averaging 21% higher compared to H111 - however, the trend is for a deceleration and, therefore, we believe the year as a whole will average lower. Additionally, pre-election spending, as Correa seeks to boost popularity in a country where infrastructure shortcomings are notable, is providing part...
View full press release