Panamainfo’s Blog

How Will Panama’s Economy do in 2009? It will Grow (More than Most) According to Experts

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.

The predictions:

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.

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