Panamanian Economy Slows

In February 2009, economy activity slowed to growth rate of 2.59% with respect to the same month in 2008.

Monday, April 27, 2009

The Panamanian economy showed the most growth in Latin America over the past two years, but experts predict that growth will drop to around 3% this year.

Prensalibre.com published: "Reports by the State showed that construction starts fell in April and this is increasing fears of a rise in unemployment, which for now remains at levels close to its historical low."

More on this topic

Panama Growth Loses Pace

May 2013

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.

According to the economist Aristides Hernandez, the slowdown revealed in these numbers is greater than expected and he insists that this is already being reflected in the collection of revenue, showing that the warnings that had issued have born true.

Costa Rica’s Economy Slowing Down

December 2012

Indicators show a loss of dynamism in the Costa Rican economy, which fell from a year on year growth of 7.2% in February, to 2.39% in October.

The editorial in Nacion.com notes the risks posed for next year, 2013, for Costa Rica's economy, if the symptoms which have been noticed deepen, either because of global economic vicissitudes, or from lack response from the government or private economic participants.

Costa Rica's Economy Losing Strength

November 2011

Industry, trade and agriculture, which together make up half the country's GDP, are showing signs of slow-down, which in turn will impact growth targets for 2011 and 2012.

Costa Rica's economic activity indicator for August displayed an increase of 4.2% for trade, lower than in previous months. Since last May, Industry growth has been stagnant at 3.5% relative to 2010, while the agricultural sector has started to fall.

Economy slows down in Costa Rica

October 2008

The growth of the Costa Rica economy slowed in August to 3% in relation to the same period in 2007.

The Monthly Index of Economic Activity (IMAE), which measures the total production of goods and services, shows that the economy of Costa Rica continues to grow, but at a rhythm below the 8% with which it began the year, the Central Bank indicated.

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