Panama's quarterly growth predicted to be 7.7%

The export sector reported a volume decline of 0.5 per cent during the first three months of the year. Growth in the first quarter of 2007 was 10.5 per cent, according to the national Controller.

Friday, June 6, 2008

A year ago, when the evidence of bad times for the American economy began to emerge, especially in the finance and real estate sectors, there were conflicting opinions about the impact that would have on Panama.
But the results of the primary economic indicators are starting to reveal that there's still a great deal of interdependence between the two economies. As a result, Panama's economic growth is slowing.



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Costa Rica: Economic Expectations for 2012

January 2012

Experts agree that 2012 will be a year of slight growth, low inflation and devaluation.

The 30 economists consulted by the weekly publication El Financiero, forecast a GDP growth of around 3.3%, mainly driven by construction and trade sectors through domestic consumption. Interest rates will remain at levels similar to 2011, while the exchange rate could vary between 3 and 6%, reaching between 520 and 540 colones to the dollar at the end of 2012.

El Salvador as seen by the IMF

January 2009

Like in other Central American countries, economic growth is expected to decelerate, on the back of the U.S. slowdown.

While real GDP growth rose to 4.7 percent in 2007, a record high in the last decade, it is expected to decelerate to 3.2 percent in 2008. However, the monthly economic activity indicator has signaled a mild but steady slowdown thereafter, reaching an average growth rate of 3.2 percent in the year to August.

Panama economy will grow between 3.9% and 5.2%

February 2009

Consulting firm Indesa lowered its forecast for panamanian economic growth; its was at 5.7% in December.

According to a note published on prensa.com: "I am inclined towards the pessimistic projections, around 4%. In a situation like the current one, unemployment could increase to 5%,' Guillermo Chapman, president of Indesa, said yesterday."

Panama's boom extends to 23 quarters

July 2008

Panama's Gross Domestic Product (GDP) has expanded for the last 23 consecutive quarters, according to data from the General Controllers of the Republic.

Over the past five years, GDP has grown at an average annual rate of 7.8 percent. Estimates from the National Center of Competitiveness suggest that the country will continue to expand at rates of between 5 and 8 percent per year for at least the next 10 years, unless world economic conditions change significantly.

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