<\/p>\n
Along\u00a0 with Panama\u2019s growing economy, the Panama Canal will continue functioning at the same rate, which represents six percent of all world trade.<\/p>\n
A\u00a0new, extended route could\u00a0help strengthen the country\u2019s economy in the future, according to President of The College of Economists Olmedo Estrada.<\/p>\n
He did an interview with international agency EFE this week, in which he said the canal could result in growth by as much as 5.2 percent for the remainder of the year.<\/p>\n
The\u00a0Comptroller General released figures that show Panama\u2019s economy expanded by 4.9 percent\u00a0during the first six months of the year.<\/p>\n
Estrada said he will talk to other\u00a0countries in\u00a0the region as well as the US and Europe about\u00a0the \u201cgeopolitical importance\u201d of the Panama Canal. A\u00a0\u201cRound Table\u201d meeting will be held during which the effects of the Panama Canal will be analyzed in a global context.<\/p>\n
The event is organized by the National Association of Economists of Panama, the Institute of Research for Development, Growth and Economics and the International Association of Economists.<\/p>\n
The National Institute of Statistics and Census (INEC) of Panama reported that for the first half of the year, Panama Canal revenue was\u00a0down 8.7 percent. Services in the waterway traffic fell 13.1 percent.<\/p>\n
Though the overall burden had increased 24.6 percent during the study period, INEC claimed that Panama\u2019s port system decreased 9.2 percent in container movement.<\/p>\n
Source: Telemetro, reported by Ysol Delgado\u00a0 in the PanamPost<\/p>\n","protected":false},"excerpt":{"rendered":"
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