Panama and Peru will lead growth in Latin America
According to to the latest report form CEPAL, Latin America will experience a growth of 4.8% led by Peru and Panama.
Friday, August 29, 2008
Appearing second on the list is Panama with a growth of 8%, while among the countries with lesser growth is Nicaragua whose projected growth is 3%.
Panama’s economy continues to grow strongly, buoyed by the Panama Canal expansion and large public infrastructure projects.
Forecasts by private consultants and the government agree that in 2011 the Panamanian economy will grow 9% due to the combination of public and private investment, 11.6% and 8% of GDP respectively.
"In any case, 7.5% is still a favorable growth level and will continue to be one of the region's highest."
President Martinelli remarked that Panama will be the most dynamic Latin American economy in 2011, growing between 8% and 9%.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar