This in from a report by Estrella. It confirms that Panama has remained to certain degree, insulated from the economic problems up north and will continue to grow.
PANAMA. A few days before the start of the new year economic projections are outlined in positive.
Between 5% and 7.5% expected growth of the Panamanian economy over the next year.
These are the calculations of experts on the matter and, of course, the government has projected a growth of Gross Domestic Product (GDP) of 6.5%.
For groups of experts as the National Competitiveness Center (NCC), the Center for Economic Studies at the Chamber of Commerce, Industries and Agriculture (CEECAM), the Research and Development Group, SA (INDESA) and Latin Consulting Group, growth be grounded in the transport sector, as well as telecommunications and trade.
Although the outlook is for increased domestic production, Phillip Chapman, managing partner of INDESA says that activities may be left behind in domestic production are agriculture, livestock and fisheries. Other indicators such as unemployment and inflation would suffer no major change in 2010.