Decision on the political direction of Ecuador: Daniel Noboa becomes the new President

On the election day of October 15, 2023, the young entrepreneur Daniel Noboa won 51.84 % of the votes with his non-confrontational appearance. In the extraordinary runoff election for the presidency, the majority of Ecuadorians voted against Luisa Gonzaléz, a candidate who stands for socialism of the XXI century and is considered a close confidant of Rafael Correa, who received 48.16 % of the vote. This is the third time in a row that Correísmo has lost presidential elections in a runoff. Noboa represents a course that seeks to free the population from the "Correísmo-Anti-Correísmo" scheme that has long paralyzed the country. However, the elect and soon-to-be Latin America's youngest president must reckon with powerful headwinds. For he faces a National Assembly that is dominated by deputies loyal to the Correa camp. In addition, the budget deficit at the end of the year will amount to four percent of gross domestic product and will probably put the brakes on many projects. Another complicating factor is that regular parliamentary and presidential elections are scheduled for May 2025, so the window of opportunity for implementing political measures is extremely limited.