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Latin America Investment News on Viva Tropical

Panamanian Economy Grows by 10.4%

Article Summary:

In the second quarter of 2012, Panama’s economy grew at a rate of 10.4%. If the trend continues, year-end growth could exceed the expectations of 10% set by the Government.

Photo Credit: Prensa

Original Article Text From Prensa via Google Translate :

GDP Grows 10.4% in the Quarter

Panama’s economy grew 10.4% in the second quarter, reported yesterday the Comptroller General of the Republic.

Gross domestic product (GDP) at constant prices, rose between March and June 6000 to $ 313 million, reflecting an increase of $ 592.5 million compared to the same period last year.

The economy remains strong and growth rate (in the first quarter GDP growth was 10.6%), which could leave the government short of projections end the year with a growth of 10%.

The Comptroller noted that “the aggregate values ​​related activities worldwide, showed increased”. These include trade in the Colon Free Zone, hotels, air transport, port activities and the Panama Canal.

Also improved their performance activities as mining and quarrying, manufacturing, construction, energy, trade, banking, telecommunications and real estate, among others. On the downside are growing bananas, watermelon, cantaloupe and pineapple, and fishing.

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From Prensa

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