Panama: Is the glass half empty or half full?
Although the Citibank analyists are very optimistic about the future of the country, they worry about the rising inflation that appears to be escalating.
Monday, July 28, 2008
I take issue with several assumption they make. The two big mega projects are what make things so rosy in their eyes. Of course they are counting their chickens before the hatch when it comes to the refinery and they are buying into the continued growth of the worlds economy driving the canal expansion as the other assumption.
The Nicaraguan economy continues to record high growth rates and sustainable macroeconomic policies, with an average GDP growth of 5.2% in recent years.
The IMF has indicated political polarization, high crime and outward migration, rising unit labor costs and high logistics costs, barriers to entry and expansion of business, fiscal uncertainty, and limited human capital.
An analysis from the Development Foundation of Guatemala reveal the main economic indicators affecting the activity in the country and the world during July.
"Overall, the outlook for Guatemala is positive. The macro-economic framework has been well managed and is stable. "
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