Ecuador's 'smokeless industry' injects $50M into economy, boosting confidence

Ecuador's tourism sector, dubbed the 'smokeless industry,' has injected nearly $50 million into the economy, signaling a rebound in visitor spending and domestic economic activity. The figure suggests a recovery in a key non-oil revenue stream, though the source is a single national outlet and the exact period is unspecified. This development supports a modestly positive growth outlook for Ecuador, but its market impact is limited given the country's small economy.