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.
Experts agree that 2012 will be a year of slight growth, low inflation and devaluation.
Like in other Central American countries, economic growth is expected to decelerate, on the back of the U.S. slowdown.
Consulting firm Indesa lowered its forecast for panamanian economic growth; its was at 5.7% in December.
Panama's Gross Domestic Product (GDP) has expanded for the last 23 consecutive quarters, according to data from the General Controllers of the Republic.
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