Panama Withstands Crisis Better Than Others

A report published by the Comptroller General of Panama yesterday shows that the most important activities of the economy continued to grow.

Tuesday, March 17, 2009

Roberto Gonzales wrote in laprensa.com: "The revenue from Canal tolls, value of approved building permits, bank intermediation and arrival of tourists to the country marked positive results with respect to the same month in 2008."



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Panama: 11.6% in Private Investment in 2011

July 2011

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.

World Economic Outlook Update

January 2010

The global recovery is off to a stronger start than anticipated earlier but is proceeding at different speeds in the various regions.

A Policy-Driven, Multispeed Recovery

Following the deepest global downturn in recent history, economic growth solidified and broadened to advanced economies in the second half of 2009.

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."

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.

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