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Latin America Investment News on Viva Tropical

JP Morgan Chase Likes Panama’s Growth

Article Summary:

Canal revenues and tourist arrivals to the country of Panama are the main areas for growth in 2012, says a report by JP Morgan, who sees the growth of the country as desirable by other countries in the region.

Photo Credit: Prensa

Original Article Text From Prensa via Google Translate :

Panama, with a future ‘enviable’

The outlook for the Panamanian economy is “enviable” and described it in a recent JP Morgan report in April about the prospects for Latin America and the Caribbean.

The country’s economy will grow 7.5% in 2012, estimates a leading global financial services firms.

The perspective reaffirms the Government’s latest projections, led by mining and construction sector.

Canal revenues and tourist arrivals are the main areas for growth in the country in 2012, says the report.

Revenues from Canal tolls grew 4.3% in January to $ 162 million fueled by cargo tonnage.

“The increase in traffic through the Canal revenues should continue to drive forward.” The firm estimates that the Canal revenues rise by 7.5% to $ 2 000 480 million in 2012, up from $ 2 000 300 000 000 2011.

Meanwhile, is projected to increase 12% this year, visitor numbers to 2.1 million in 2012 and tourism revenues will be $ 2 000 100 million or 9.1% more than in 2011.

Link to Original Article:

From Prensa

Latin America Investment News on Viva Tropical