I do not know how many times this year we have heard about the grow in Panama’s economic activity and what the numbers are shaping up to be for 2011 but we are now approaching double digit figures for 2011. This in from Reuters. (Reuters) – Panama’s economic activity rose 9.5 percent in May compared to […]
I just love these old propoganda posters that we put out years ago to convince people that the Greater Depression would never happen. Unlike the United States, Panama does not have a Central Bank and while the US Dollar is the currency here, inflation for the most part has remained very low over the […]
Miami-Dade County delegates meet with Panama chamber of commerce My friend and fellow commercial real estate broker in Miami Ed Redlich visited Panama last month. He reported back on the implications of the Panama Canal Expansion and trade with the US that will impact Miami (especially if they ever ratify the frickin’ Free Trade Agreement!) One […]
Another title I was going to use for this post was “One Foot Over the Border” We are hearing a lot of noise right now about the amount of money coming into Panama from other sovereign nations in Europe and of course the US. I hear that it is a trend that started a few years ago […]
The Circus in Washington is such a ridiculous show these day and while it isn’t as exciting as the new Harry Potter movie, there are plenty of warlocks, witches, and trolls present – and many fairy tales are told. And still no settlement on the real important issues!! Debt Ceiling, no problem, let’s wait until there is […]
A recent article in The Economist continues the discussion about the challenges Latin America faces in this era of explosive growth. Panama is front stage in this article about how it has has achieved success in many areas but has fallen short in many more. While skyscrapers line the horizon in Panama City and the […]
Executive Secretary of the United Nations body, Alicia Barcena In a recent report by The Economic Commission for Latin America and the Caribbean (ECLAC) presented by Alicia Barcenas stated that while the economic recovery here has strengthened and the area has an encouraging growth rate, it also highlights the macroeconomic policy challenges facing the region’s […]
With Panama’s economy on track for sustained growth in the high single digits, private investment increases are in the double digit range and expected to top 11% for 2011. LaPrensa reports that the first quarter economic growth overall was almost 10% in the first quarter of the year. Source: Prensa.com Friday, July 8, 2011 Forecasts by private […]
I was reading an article written by Peter Hakim In the Inter-American Dialogue about how in just one generation Latin America has arisen from numerous crisis, dictatorships, military regimes and floundering economies to becoming one of the strongest growth markets in emerging nations around the world. He addresses the issue about the potential impact of Latin […]
It looks like Obama and house Republicans have struck a deal to reinstate benefits for workers who lose jobs to foreign competition which was the major obstacle to passing the pending agreements with South Korea, Columbia and Panama. Obama needs to see this through as he continues efforts to double US exports by 2014. The […]