what effects has ecuador for the fall of
DESCRIPTION
Economy effectsTRANSCRIPT
What effects has Ecuador for the fall of oil prices?
What effects has Ecuador for the fall of oil prices?
First oil well 1924Base of the Ecuadorian economy 2000 to 2012 was totally favoredOil reached $ 100 per barrelBoom petrolero
fallen dramatically ( $53 - $48 ) per barrel
causing damage to the state budget
reduction of public spending indebtedness from friendly countries.
the reduction of public spendingCausealarm public workers unemployed.authorities - not affect projects
deterioration in the trade balance
Indebtedness growmain sources of Ecuador finance.delivers large amounts of moneypresale oil operationsHelp - able to finance .
In conclusionimpacted stronglydepend the oil exportcause damage