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)
El Salvador's Economic Cabinet announced that its projection for economic growth this year has been reduced from 4.5 to 4 percent.
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.
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.
Like in other Central American countries, economic growth is expected to decelerate, on the back of the U.S. slowdown.
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