Posted by: T. Argerous Filosofos | August 26, 2009

Panama’s economy rises in June, govt eyes recovery

Well it looks like the Government of Panama is paying close attention to the business climate in the country. The new President who has, so far it seems, done everything he can to stimulate and add new Business to the economy and to help stimulate the existing business that are currently employing its citizens. I guess that is what happens when you put a true Business man and not a politician in office. I believe you will see a huge difference in the way Panama conducts business in the future. A “change” for the better. It is still a great place to invest with huge opportunities still available.  We are here to answer any questions you may have and help move your business forward into this expanding new frontier.

Tuesday, August 25 2009 @ 01:15 PM EDT
Contributed by: Don Winner

PANAMA CITY, Aug 25 (Reuters)Panama’s economic activity rose 0.31 percent in June from the same month a year ago, lifting hopes the Central American nation may return to a growth trend, the government said on Tuesday. The latest batch of monthly data broke two consecutive months of declines. In the first half of 2009, Panama’s economic activity decreased 0.05 percent, compared with an 8.44 percent growth in the same period in 2008, according to government figures. “A process of deceleration of the negative trend has begun,” said Panamanian comptroller Carlos Vallarino in a press conference. Despite previous slumps, Panama, home to one of the busiest trade canals in the world, is still expected to grow by 3 percent this year. Panama’s dollarized, service-based economy grew at an average of more than 8 percent the last five years, making it one of Latin America’s strongest performers


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