Economic Growth Slows
Panama’s economic growth slowed down to a growth of 4,9%, compared to the same period in 2008. The economic growth of Panama has been affected by the fact that the global trade and recession problems have resulted in a lower traffic level through the Panama Canal – commonly referred to as the motor of Panama’s economy. There is growing concern that the global tightening of credit markets and the effect on Panama’s banking sector will also yield negatively upon Panama’s projected growth.
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