Ecuador's Construction Industry Poised For Growth As El Niño Risks Subside
Infrastructure / Ecuador / Tue 12 Mar, 2024
Key View
- We maintain our forecasts for Ecuador’s construction industry this quarter, which we expect will see a modest 1.6% y-o-y growth in real terms in 2024 and 2.9% y-o-y real growth in 2025. This follows from a 0.4% y-o-y contraction of the industry in 2023 based on a severe El Niño weather pattern and electricity rationing disrupting