Panamanian President:
Economic Growth
Historical
Panama's President
Martin Torrijos regarded
the national economic
growth of 11.2 percent
and the reduction of
unemployment to almost
50 percent in 2007 as
historical.
In a speech before a
forum called "Panama and
the Global Economy"
organized by the
Panamanian Foreign
Affairs Ministry and US
empresariat
organizations, Torrijos
highlighted the
reduction of the
Panamanian public debt
in relation with the
Gross Domestic Product.
He said that the GDR
went down to 53 percent
last year, 17 points
less than when he
started his mandate as
President of Panama on
September 1st, 2004.
"Our government has
worked with dedication
and without rest, and we
can say that we have
settled the bases for a
modern, different
Panama," he stated.
During his presidential
mandate, unemployment
went down from 12 to 6.1
percent.
During the forum,
Panamanian Economy and
Finance Minister Hector
Alexander predicted the
Panamanian economy will
grow from 8.5 to 9
percent this year, which
he said it will be very
good for Panama.
Alexander said that
while facing the
deceleration of the US
economy, Panama will
hold itself thanks to
the fostering of
construction, the real
estate sector, tourism
and the activity of the
Panama Canal. |
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