Panamanian Economy Projected To Grow 6.5% in 2011

(Panama-Guide) - La Estrella -  A few days before the start of the new year, economic projections for next year are positive. The Panamanian economy is expected to grow between 5% and 7.5% over the next year. These are the calculations of experts on the matter and, of course, the government has projected the Gross Domestic Product to grow 6.5% in 2011.

For groups of experts such 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, S. A. (INDESA) and Latin Consulting Group, the growth for next year will be grounded in the transportation sector, as well as telecommunications and trade. Although the outlook is for increased domestic production, Felipe Chapman, the Managing Director of INDESA says that some of the 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 from the numbers seen in 2010.

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Original Source: Panama-Guide

Date Retrieved: December 2, 2010.