04-2021 Latin American Economy & Business
Economy & Business Report
Mexico raises economic growth forecast, but recovery remains slow
Ecuador’s President Lenín Moreno stands poised to expand his power at the helm of the Citizens’ Revolution while diminishing the influence of his predecessor Rafael Correa (2007-2017). The poisoned darts fired at each other by Moreno and Correa on Twitter in recent months have provided a gripping drama for the public and politicians of the deeply divided ruling Alianza País (AP) alike. But two concrete developments this week could give Moreno a decisive advantage over Correa. Firstly, Vice-President Jorge Glas, Correa’s most senior acolyte, was placed under preventive detention on suspicion of corruption. Secondly, Moreno published details of a referendum he is organising that could, inter alia, rule out a comeback by Correa by barring indefinite presidential re-election.
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