Ecuador Grows at Fastest Pace in One Year as Oil Output Rises
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Ecuador’s economy in the second quarter grew at the fastest pace in a year as increased consumer spending and crude output offset slowdowns in construction and retail.
Gross domestic product rose 1.2 percent from the previous quarter, its fastest pace since the second quarter of 2012, the central bank said today in a report on its website. The economy expanded 3.5 percent in the second quarter from a year earlier, unchanged from the prior three months.