Panamanian Economy to Grow 8%-9% in 2011
President Martinelli remarked that Panama will be the most dynamic Latin American economy in 2011, growing between 8% and 9%.
Monday, January 3, 2011
While presenting a state of the nation report to Congress, he noted that the country’s growth projections are higher than those of Chile and Peru.
The consulting firms Indesa and Deloitte estimate that Panama's economy will grow by seven to eight percent this year.
Government authorities have announced that in the first quarter of 2011 there was growth of 5.3% compared to the same period in 2010.
During the second quarter of 2011, Panama's economic growth was 11.4%, reaching 10.3% during the first six months of the year.
Panama’s economy continues to grow strongly, buoyed by the Panama Canal expansion and large public infrastructure projects.
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