In 2012, Ecuadorian political situation was relatively stable, but the economic growth slowed down and the GDP growth rate was estimated at 4.8%. The inflation rate still remained at a lower level. Fiscal revenue and expenditure, as well as the balance of international payments were getting better. Money supply was adequate. Social problems continued to be eased, but the hidden unemployment was still prominent. Ecuador continued to strengthen its cooperation with the leftist governments in Latin America, such as Venezuela, Bolivia etc. Ecuador, together with other 10 Latin American countries, collectively resolved the "banana war" with European Union, but the outlook of Ecuador-US relations remained uncertain. <<