When Correa's third term came to an end, he was followed by his vice-president Lenín Moreno, who moved the party closer to the centre towards Third Way social democracy, which both left-wing critics and some observers deemed as unpicking left-wing legacy and renouncing socialism, while capitulating to neoliberalism. In part, this came as a result of recession by the end of Correa's tenuse due to reliance on oil, public expenditures, the 2016 Ecuador earthquake (more than 650 deaths and damage estimated at the equivalent of about 3% of GDP), and international pressure, resulting in government spending being slashed.