Construction grew 54.5% in June in Panama
The value of construction, repair, and extension permits approved during the first half of the year was at $829.8 million.
Wednesday, August 20, 2008
Most of the investments are located in the district of Panama, with $675 million (58.5% more than the year before); this is followed by Arraijan, which, with $44 million, had the biggest increase in the country (161.3%).
In the first seven months of the year the value of approved construction projects amounted to $918 million, 45.3% more than in the same period last year.
The country's economy grew a remarkable 2.5%, fueled mostly by the construction industry and domestic demand.
The Panamanian Economy grew 7.5% in 2010, reaching a gross domestic product (GDP) of $ 20.862.000.
The Bank of Guatemala's growth forecast of 7.7% has been adjusted to 5.9%, while the Guatemalan Chamber of Construction forecasts 2.9%.
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