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.