Place Credit Reports Ecuador Order
Economy Overview:
Ecuador has substantial petroleum resources, which have accounted for
40% of the country's export earnings and one-third of central government
budget revenues in recent years. Consequently, fluctuations in world
market prices can have a substantial domestic impact. In the late 1990s,
Ecuador suffered its worst economic crisis, with natural disasters and
sharp declines in world petroleum prices driving Ecuador's economy into
free fall in 1999. Real GDP contracted by more than 6%, with poverty
worsening significantly. The banking system also collapsed, and Ecuador
defaulted on its external debt later that year. The currency depreciated
by some 70% in 1999, and, on the brink of hyperinflation, the MAHAUD
government announced it would dollarize the economy.
GCS and Graydon International
Graydon International is a leading provider of business credit information around the world. Their business credit reports are easily read in English and consist of reliable and up to date details like identification and official company specifications, credit recommendations, known directors, protest and non-payments, operational details and financial data (profit and loss, balance and key credit ratios).
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