Ecuador Faces Economic Turmoil Amid Severe Power Crisis

Reported about 8 hours ago

Ecuador is grappling with a severe power crisis characterized by daily blackouts lasting up to 10 hours, straining its economy and affecting the political landscape. As reliance on hydropower falters amid drought conditions, the government is under pressure to seek alternative energy solutions while tackling significant economic challenges, including lower GDP growth and reduced consumer spending. President Daniel Noboa's administration has been tasked with reversing decisions made in the past that have contributed to the crisis, but immediate relief remains uncertain as the nation faces widespread impacts on various sectors.

Source: YAHOO

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