Panama's economy has been growing at an average of 8.9% since 2006, reaching a spectacular 10.5% in 2011. Beyond the pros and cons that the near future affords, this growth may be a little slower, but would only stop with great difficulty.
But as rates have increased each year indicating the country's growth, so has the scourge of successful economies: inflation. Jose Abbo, vice president of corporate finance at CFS Investment, noted in his article in Martesfinanciero.com that "During the decade of the 1990’s average inflation in our country was just approaching 1%. But from 2005 to date, the average is closer to 5% and the close of 2011 estimates of the highest rate were between 6.5% and 7.0%. "
Abbo concludes that: "A reality that we face in 2012 is that as long as there is strong economic growth, we are most vulnerable to harmful effects of inflation.”
Source: martesfinanciero.com
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August 2011
The monthly report of major national economic indicators has been released by the Foundation for the Development of Guatemala.
Inflation
According to the Consumer Price Index (CPI) at republic level, prepared by the National Statistics Institute (INE), in July of 2011, it registered a value of 105.22, compared to 104.25 recorded last month, making the monthly variation 0.95%, while the cumulative increase to 31 July was 5.22%, which means that the price level rose during the month of December last year. The rate of change (change in July 2011 compared with the same month of 2010) stood at 7.04%, higher than that observed in July 2010.The main determinants of inflation products were agricultural products.
March 2012
A report by the National Development Foundation said that expectations for 2012 "are extremely worrying."
From a statement from FUNDE:
Balance of the Economy in 2011 and Fiscal Outlook for 2012
In 2011, the Salvadoran economy maintained a low rate of growth for the second year, after a contraction in 2009 following the global financial crisis.
November 2011
"Panama is still one of the fastest growing countries in the Americas."
A mission from the International Monetary Fund (IMF), led by Corinne Delechat, visited Panama from 7 to November 18 to conduct the annual Article IV Consultation (1). At the end of the discussion, Ms. Delechat issued the following statement in Panama City:
March 2012
The expectation is that GDP will increase by 8.3%, a slight cooling off from the nearly 11% in 2011.
Panama has maintained a remarkable record of economic growth in recent years, despite the effects of the global economic crisis which began in 2008.
In 2011, the GDP growth rate reached 10.9%, driven by the construction sector, which grew by 18.5%, along with mining (18.4%), trade (15.9%), transport and communications (13.7%), financial intermediation (7.6%) and hotels and restaurants (7.6%).
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