GDP Drop of 2.5% Expected for El Salvador
The Government confirmed the reduction of the economy in 2009; GDP variation will be around -2.5% by the end of the year.
Wednesday, September 30, 2009
The new figure comes after reviewing macroeconomic data, as the initial forecast was -1%.
Starting this year, the base year for calculating the gross domestic product of Panama will be 2007.
Experts agree that 2012 will be a year of slight growth, low inflation and devaluation.
In 2004 Panama's GDP was $13 billion, and with the momentum led by the transport, storage and communications sectors, in 2011 it exceeded $23 billion.
The government plans to close the year with growth of 5.6% in GDP, and estimates and an increase of 6.3% for 2017.
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