The industry says that the absence of an industrial policy is one of the reasons that 6 out of 10 subsectors in the industry decreased production in 2014 compared to 2013.
A lack of an industrial policy is added to "... The uncontrolled import of products and not having a concrete strategy so that domestic and foreign companies can made decisions on producing in the country." These three factors are what have led to a decline in manufacturing output in the last ten years, according to entrepreneurs.
Starting this year, the base year for calculating the gross domestic product of Panama will be 2007.
Sources from the Comptroller General of the Republic and the Ministry of Economy and Finance (MEF) confirmed that from 2013, the base year for calculating the economic growth will increase from 1996, which has been used until now, to 2007.
Technisys is the omnichannel digital banking company. It offers technology solutions that allow banks to stand out through their customer experience, increase their sales and dramatically reduce their time-to-market when it comes to launching new financial services. Technisys culture lies on its innovation, its human capital talent and its vision of the future. The digital age represents an unprecedented growth opportunity for the financial service providers, and Technisys helps its customers to differentiate and capitalize it.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (506) 2256 7168