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  • Urgent Labor Reform - WA#16
    Urgent Labor Reform - WA#16

    April indicators overview

  • In the first quarter there was a y-o-y loss of -190 k adequate jobs. The urban unemployed increased by 5 k to 314 k, a rise of .1 point to 5.8% of the EAP. The workforce shrunk by -41 k, or -.8%. (WA#16)

  • Prefect candidates from PSC or PSC-led coalition garnered 23% of the national vote. Lasso’s Creo, Correa’s party-for hire FCS and Gustavo Larrea’s DS were the only parties which with coalitions managed get to at least 10% of the valid votes. (WA#15)

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Grupo Spurrier is the leading company in the development of key solutions and services for business success; it specializes in monitoring the economy and politics of Ecuador, as well as on economic research, market research, consulting and corporate training, models and business plans development, investment plans, and market power law consulting.

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Weekly Analysis Briefs

  • 16.- URGENT LABOR REFORM

    Formal jobs have plunged in the first quarter, and those losing jobs have moved to the informal economy. This has prompted the government to bring forward in the agenda a labor reform, which they had leisurely scheduled for next year. Jobs would be falling as the economy enters into austerity mode, with a cut in government purchases of goods and...

  • 15.- THREE ACTORS FOR 2021 ELECTIONS

    The March local elections brought surprises in individual races, most importantly in Quito and Pichincha, but not much at the national level. It confirmed the implosion of Alianza País and the return of PSC to the role of largest party; the downsizing of Correa, although he remains a potent political force; a retreat of CREO from 2017 results, but ...

  • 14.- THE ADJUSTMENT TAKES OFF

    The IMF asserts that oil wealth and dollarization are double-edged swords and that the policies applied by Ecuador in the last decade were not consistent with the dollarization regime. Wage increases were superior to productivity growth, undermining competitiveness. In 2014, the price of oil collapse and the subsequent appreciation of the dollar sh...