International organizations, the Panama government and local and international consulting firms are predicting Panama’s economy will grow between 1.2% and 5% in 2009. This is well below the 9.2% it grew in 2008, but better than most other countries where economies are contracting not growing.
A local website, Panama Economy Insight is predicting growth of only 1.2% for 2009 but a growth of 9% in 2110 and 2111.
Standard and Poor is the most pessimistic for 2009 with a prediction of 3.5%
Local consulting firms Indesa and Deloitte say 4%.
CEPAL ( Latin American Economic Commission, and the analysts at Credit Suisse and Citibank all predict 4.5%- 5%.
According to an article in La Prensa March 25th, Panama’s Finance Minister Hector Alexander says ” Considerando all the is happening worldwide with the recessions in the major world economies and other countries in the region, this is very good and shows Panama’s (economic) strength.
One of my very favorite choices for a really special jewelry gift are the cameos of Rainforest Design. The stunning pieces which can be a necklace, pennant or pin are each totally with a exotic tropical flor or fauna design. I get more comments on this jewelry than anything I own.
Rainforest Design, a Panamanian company is gaining international praise for the quality, beauty and design of its cameo jewelry. Adding to their authenticity, these Panamanian treasures are carved by the Woonan Indians of Panama’s rainforest, the famous craftsman of figurines of tagua and cocabolo.
Owner Roslyn Zelenca recently showed me the latest edition of the world cameo guide, Cameos Old and New. Her Rainforest Design cameos merited praise and two pages in this prestigious guide. Rainforest Design Cameos also received an Award for Artistic Excellence from Panama’s Ministry of Commerce.
Rainforest Design Cameos can be found in the gift shop of the Panama Marriott, the Duty Free shop on Amador Causeway and at Canopy Tower. Check out their website at www.rainforestdesign.com.