- Agricultural commodity markets are being affected by El Nino, impacting cane harvests in Argentina and Ecuador, while NY and London track Ivory Coast supply.
- ICE tracks cocoa futures in London and New York while El Niño disrupts weather patterns in West Africa and Ecuador.
Ecuador's Growth Forecast Raised Amid El Nino Climate Risk
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
The Central Bank of Ecuador raised its 2026 economic growth forecast to 2.7 percent. Separately, cement production in Ecuador rose 3.7 per cent in August 2026, though monthly dispatches fell 5.7 per cent. The bank also estimated that a moderate El Nino could reduce 2027 growth by 0.5 percentage points, while a strong event could cut it by 1.4 percentage points.
Why it matters
The higher growth forecast is attributed to household consumption, investment, and exports in Ecuador. However, the Central Bank of Ecuador noted that producers might be building stocks ahead of possible El Nino-related disruptions to raw material supplies and logistics.
Agricultural commodity markets are being affected by El Nino, impacting cane harvests in Argentina and Ecuador, while New York and London track Ivory Coast supply.
Who's involved
- Central Bank of EcuadorMonitors economic health and raised the 2026 economic growth forecast
- EcuadorSovereign state experiencing a surge in foreign investment and climate risk
- El NinoClimate pattern projected to reduce future economic growth
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- EcuadorSpeculative
Foreign investment might increase in Ecuador, particularly in the oil, mining, logistics, and power generation sectors.
Keep exploring
The entities involved
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Central Bank of Ecuador
central bank of Ecuador
Nothing else this week.
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Ecuador
sovereign state in South America