Economic Report - Panama August 2007

Results of key economic indicators to August 2007 Panama

Tuesday, November 20, 2007

The economic outlook for the Latin American and Caribbean region is mantienenfavorables, according to the latest Economic Survey of Latin America and the Caribbean 2006-2007 developed by Economic Commission for Latin America and the Caribbean (ECLAC)

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El Salvador cuts estimate of economic growth

May 2008

El Salvador's Economic Cabinet announced that its projection for economic growth this year has been reduced from 4.5 to 4 percent.

The new estimate is in line with those of the Economic Commission for Latin America and the Caribbean and Fitch Ratings. But the International Monetary Fund takes a gloomier view: it predicts 3 percent growth in El Salvador this year.

Panama: Economy to Grow 5.8% in 2017

February 2017

The government has based its forecast of GDP growth on the recovery of activity in the Canal and public and private investment in infrastructure projects.

From a statement issued by the Ministry of Economy and Finance: 

Fulfilling the legal mission to project the evolution of gross domestic product (GDP) of Panama, the Ministry of Economy and Finance (MEF) has reported that the estimated growth of the economy for this year is 5.8%, driven by dynamism in the sectors of construction, mining and quarrying, financial intermediation and supply of electricity, gas and water. 

Cepal warns of smaller growth in Guatemalan economy

August 2008

After reaching a growth of 5.7% in 2007, the economy suffered a strong slowdown to the point where CEPAL is projecting a growth of 4.3% for 2008 and 4.0% in 2009.

The slowdown of the economy comes with an increase in inflation, which means there will be an increase in the monetary policy interest rates, and this will in turn cause the growth of the Gross Domestic Product (GDP) to shrink.

El Salvador as seen by the IMF

January 2009

Like in other Central American countries, economic growth is expected to decelerate, on the back of the U.S. slowdown.

While real GDP growth rose to 4.7 percent in 2007, a record high in the last decade, it is expected to decelerate to 3.2 percent in 2008. However, the monthly economic activity indicator has signaled a mild but steady slowdown thereafter, reaching an average growth rate of 3.2 percent in the year to August.

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