The IMF predicts that Ecuador's economy will grow by just 0.1% in 2024, the slowest in Latin America. Venezuela's economy will grow exponentially.
The International Monetary Fund (FMI) This report was submitted on April 16, 2024 Economic perspective the worldwhen Spring meetings It takes place in Washington (USA).
In the report, the Multilateral projects Ecuador's economy will grow Just 0.1% Inside 2024; That is, in practice there will be one Stagnation. And in 2025 there will be one A little recoverywith a growth of 0.8%.
It is a Perspective reduction 2023 for the country compared to what the organization expected in October.
In that month, the The IMF predicted That is Ecuador's GDP (GDP) of Ecuador will grow by 1.8% In 2024.
The system also predicts Inflation in 2024 will be 1.4%, The Very few in the regionAnd it is unemployment rate Located in 4.2%.
How does Ecuador compare to its neighbors?
Therefore, according to the IMF, the Economy of Ecuador Grows a lot Below average In the region, it is expected in 2024 South America growth 1.4% And for Central America, the forecast is 3.9% growth.
In fact, the organization projects that Ecuador's GDP will remain the same will grow less in 2024 between countries Central and South America.
In South America, after Ecuador, the Economic countries They will have Low growths son Colombia (1.1%) and Bolivia (1.6%).
On the contrary, Venezuela (4%) and Paraguay (3.8%) South American countries The economy will grow further.
Meanwhile, IMF projects a -2.8% decrease in Argentina's economy And, in fact, it is the only country that will shrink in 2024.
