Oil prices have slumped by half, they are down below $60 a barrel these days. That, and a rise in the US dollar is hurting economic growth in Ecuador.

According to rating agency Standard & Poor's, Ecuador's budget deficit stands at 4.7 percent of GDP and some economists say it could rise to as much as seven percent by the end of 2015.

But President Rafael Correa is denying a fiscal crisis even though budget cuts are looming on the social spending which made Correa so popular.

So is Correa still popular? How long will Ecuador's good times last? And what is next for the country's economy? Al Jazeera's Harris Whitbeck reports from Ecuador.

Source: Al Jazeera