The Asian Development Bank revised the projections regarding the economic growth and inflation for the developing economies of Asia and the Pacific. The institution foresees the economic activity in the region continues to grow propelled by the domestic demand and increases 4,8% this year and slows down marginally in 2024 as a result of the slower pace of the external demand of manufactured products and, especially, of electronic products. As regards the growth of the consumer prices, the ADB estimates that in 2023 the inflation will reach 3,6% whereas it would be 3,4% in 2024.
Ecuador Commemorates the Second Anniversary of the Free Trade Agreement with the People’s Republic of China
Two years into the implementation of the FTA, bilateral trade between the two nations has consolidated its upward trend, positioning China as a fundamental strategic partner for Ecuador’s exportable offerings.
