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Saturday 06 December 2008, San José, Costa Rica 

Latin America Discusses Financial Crisis, Migration
Panama Economy will Shrink in 2009
Fidel Castro Says Cuba Open To Dialogue With Obama
Colombian Officers Convicted of Extrajudicial Murder
Brazilian President Calls On Colombian Rebels To Release Hostages

 
Panama Economy will Shrink in 2009
Panama - Panama's GDP will shrink in 2009 due to the global finance crisis and recession in the superpowers.

Polling companies Indesa and Deloitte limited the GDP growth to five and six percent, three points below the 2008 forecasts.

The Association of Company Executives National Competition Center also announced exports decline at Colon Free Trade Zone and the Canal plus a slowdown in constructions, a key sectors in the domestic economy.

Forecasts also target inflation with Consumer Prices Index to round five percent in 2009.
 
 

 

 

 
 

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