Panama economy grows 8.2%
The rate of growth has slowed down, but it is still strong and one of the highest in the region.
Wednesday, August 27, 2008
The economy of Panama, according to the Monthly Index of Economic Activity, published yesterday by the Comptroller's Office, grew 8.2% during the first semester of 2008.
In March 2013 the IMAE grew by 5.92% compared to 13.75% in March 2012, making it the lowest month of growth in the last 24 months.
The economic activities that grew the most were port services, construction, tourism and mining and quarrying.
Led by the construction industry, Panama's Leading Economic Indicators showed a growth rate of 7.0 percent for the first quarter of 2008, down from 10.4 percent in the same period of 2007.
Economic activity in Panama grew in March by 1.9 percent year-on-year, the lowest rate in five years.
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