Ecuador has managed to wrestle control of its Covid-19 situation, leaving the horrors of April 2020 firmly in the rear-view mirror. But the lasting effects of the pandemic will be harder to overcome: the resulting socioeconomic crisis has caused 2.3 million Ecuadorians to go hungry, and three out of ten citizens are now living below the breadline.
According to Economic and Social Inclusion Minister Mae Montaño, “the pandemic resulted in 6 million poor people” within a population of 17.6 million. There are significant fears over Ecuador’s economic future, as the country struggles to rekindle activity after the peak of the crisis. Ecuador’s GDP fell 7.8 percent last year, with at least 22,000 companies going under.
In 2000, Formula 1 great Michael Schumacher had just racked up his 41st race win,…
Overall, the worldwide economic outlook has improved according to the Organization for Economic Co-operation and…
“This is f***ing corruption, it has to change,” protested an irate John Textor, owner of…
Eduardo Leite, governor of the southern Brazilian state of Rio Grande do Sul, on Wednesday…
Moody’s is the latest rating agency to improve its assessment of Brazil, bumping up the…
Other finalists include the Harvard Business Review, Fortune, Condé Nast, and the NFL