Panama: Inflation will not Fall in 2013

Independent analysts have set the general price growth next year at between 6% and 8%, with food growing above average, reaching a 15% increase.

Monday, November 26, 2012

Capital.com.pa reports that forecasts for 2013 by the Institute for Competitiveness ADEN and BBVA Research, are a bit "more conservative".

"According to BBVA Research estimates, inflation will be close to 5.0% in 2013, while ADEN estimates it to be above 6%. Both organizations agree that inflation in Panama could continue increasing due to rising food prices worldwide, coupled with the injection of fresh dollars approved by the FED and a similar decision by the European Central Bank, most of which would be invested in emerging markets like Panama. "

To reduce the external impact, Alejandro Trapé an economist at ADEN , recommends boosting agriculture and industry in order to produce more food locally, and not just staying focused on the services sector which has been Panama’s traditional practice.



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