Lehman effect on Panama
The fall of Lehman Brothers and the sale of Merrill Lynch shook stock markets all over the world.
Tuesday, September 16, 2008
These announcements have caused a general fall in the international markets, however, the Panama Stock Exchange did not react to these events. As a matter of fact, it closed with a 1.31% increase.
A late-day decline once again pushed the markets down sharply, with the Dow falling more than 600 points.
"Our banking system is one of the strongest in the world," emphasized Carlos Vallarino, Comptroller General of the Republic.
Analysts and economic gurus are forecasting a dark future for the Costa Rican economy, after the failure of Lehman Brothers.
The Lehman Brothers bankruptcy will not directly affect the Salvadoran financial and stock market, but analysts point to effects on the macro-economy.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar