Panama’s economy continues to grow strongly, buoyed by the Panama Canal expansion and large public infrastructure projects.
With average annual growth rates of 8.5 percent, Panama’s per capita GDP has more than doubled over the past decade. This impressive growth performance has been driven by a steady rise in public and private investment in a stable economic environment buttressed by prudent policies.
The global total for money laundering is between 2% and 5% of global GDP, "because illegal proceeds can be transferred easily and instantly from one jurisdiction to another."
In his discussion in an article in Americaeconomia.com, David Santa Cruz describes not only how money from criminal activities has permeated ALL of the economies of the world, but also how national development strategies in many states are adapting to the phenomenon.
Forecasts by private consultants and the government agree that in 2011 the Panamanian economy will grow 9% due to the combination of public and private investment, 11.6% and 8% of GDP respectively.
An article by Edith Castillo Duarte in Prensa.com reports the upward shift of the expected growth of Panama’s economy in 2011 by both the government and the consulting firm INDESA, and how estimates of both parties agree. During the first quarter economic growth has already exceeded expectations, reaching 9.7%.
Greater respect for property rights leads to faster economic development
The order of the countries in the 2011 International Property Rights Index (IPRI) report is less important than the conclusions that are possible to obtain by analyzing correlations between the parameters that comprise the index and economic development.
June shows 12-month growth in credit at 6.7%, below the 11.7% it had at the beginning of this year.
According to the president of the Chamber of Industry of Guatemala, Thomas Dougherty, uncertainty about the international economy and contingency plans brought about by companies are a few of the causes for the decrease in requests for lines of credit.
The Banguat president argues that the pace of GDP growth, estimated in the range of 3.0% to 3.5% for this year, is not sustainable.
Siglo 21 published on its website: "The official explained in a meeting with columnists and economic analysts that the reduction in demand and risk aversion among investors have begun to erode economic development. In fact, she noted that there is a revision pending for GDPgrowth in 2008, whose preliminary figure is 4.0%. De Bonilla would not reveal how much the revision would be because the technicians of the Central Bank are still doing studies to define it based on multiple factors."
Abraham Lowenthall rediscovered the isthmus 25 ago and analyzes the changes that have occurred during that period.
In his column published in America Economia, the analyst asks us to "Imagine that your twin brother will wake up today from a 25 year coma and asks you for a report on the main changes that have occurred in Central America, what will you tell him?
The analysis of the figures used to overcome past historic crisis, indicates that the current is by far the the worst ever.
In several (quite a few, in fact) of the presentations that we have done on the crisis, the first slide is a picture of the grenade and a nuclear war head. Here we question: what is the size of this crisis?. In the presentation we respond that we are experiencing the worst crisis ever seen by those of us alive and worst that we will ever experience (hopefully, this will just remain a desire). We argued using graphs and data about the crisis. It is not an opinion, but as a company that is dedicated to economic intelligence, we try to use evidence to support our opinion.
The country's 2007-2008 Human Development Report will be presented today by the United Nations Development Program (UNDP).
Slight economic growth in the country between 1980 and 2007 and unresolved social problems involving inequality and poverty "demonstrate how the Guatemalan economic model has failed", the Report states.
PRONicaragua, is the Nicaraguan Investment Promotion Agency, established in 2002. We are a non-profit, public-private institution whose mission is to generate economic growth and job creation in Nicaragua by attracting high-quality foreign direct investment. The Agency provides complimentary support services to qualified investors seeking investment opportunities in our country.
Operates in Nicaragua
Phone: (505) 2270 6400
Key representative/s from the Guatemalan Exporters’ Association last 13-15 October attended the 8th TPO Network World Conference to exchange ideas and best practice around stimulating export-led economic growth and meeting the urgent challenges in the sector.
Caribbean-Central American Action (CCAA) is a private, independent organization that promotes private sector-led economic development in the Caribbean Basin and throughout the Hemisphere.
Operates in Panama, Nicaragua, Honduras, Guatemala, El Salvador, Costa Rica and Caribbean Community
Phone: (202) 331-9467