Panama will continue to lead the economic growth of the region according to Cepal

abril 11, 2016 12:31 pm Publicado por 847 Comentarios

Panama

The Panamanian economy grew 5.8% in 2015, with GDP in the order of $ 35,731.6 million, some $ 1,951.6 million more than the previous year.

Panama and the Dominican Republic will continue to lead the economic growth of the region in 2016, according to the latest updated growth forecasts for countries of the region published by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC).

According to ECLAC Panama’s economy will grow by 6.2%, followed by Dominican Republic will grow by 5.5% and 4.6% Nicaragua, this despite projected a contraction of 0.6% of the economy of Latin America and the Caribbean.

Thus, for the economies of Central America a growth rate of 3.9%, lower than in 2015 (4.3%) is expected figure. However, if you take more Mexico Central projections for 2016 they are 2.6%, down from 2.9% in 2015.

The Panamanian economy grew 5.8% in 2015, with GDP in the order of $ 35,731.6 million, some $ 1,951.6 million more than the previous year.

This according to the Economic and Social Report of the Ministry of Economy and Finance (MEF) was the lowest growth in the last five years due to the decline in transactions in the Colon Free Zone and the completion of major infrastructure projects.

For this year, the government is committed to start operating Expanded Canal and the construction of megaprojects as the second line of the Panama Metro and the reactivation of projects such as the Convention Center of Amador, among others, waiting boost economy and generate more employment.

Source: www.panamaamerica.com

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