Economists recommend fiscal discipline in order to better address the economic environment in the coming years and avoid the credit risk being raised due to increased borrowing.
The recent bond issue of state debt by $1250 million on the international market and the consequent increase in total public debt should be a wake up call for the government, which should be able to maintain an adequate balance in the relationship between debt and Panama's Gross Domestic Product.
Keeping up with the pace of economic growth, in 2018 the employment rate will be double the current level.
During the conference entitled "Impact of the Economy in the Private Sector" , organized by the Chamber of Commerce, Industry and Agriculture of Panama, the president of the consultancy company Intracorp S. A., Ruben Lachman, said that companies that require skilled labor will continue to recruit foreigners who match the professional profile they are looking for.
In late May there were 673,590 active credit cards, while in the same period in 2012 there were 609,357.
The balance of active cards also showed an increase of 17% compared with May 2012, according to a Panamanian Credit Association (CPA). "The balance went from $1.1114 billion to $1.3008 billion in May 2013, which represents 3.8% of total credit balances reported in the database", reported Elsiglo.com.
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