The consulting firm Indesa has estimated that Panama’s economy grew by 3% during the first quarter of 2009. Later this month the Comptroller’s Office will release the official numbers. But if these estimates are correct, Panama will continue to have one the highest GDP (gross domestic product) growth rates in the entire Latin American region.
The recent passing of Law 23 relating to titling ROP land on islands and coastal areas combined with Panama’s having one of the highest growth rates in the region, will certainly increase not only the investment potential in Panama, but the speed and intensity of development throughout the country. Another excellent sign that Panama will be a safe haven for investment during these troubling economic times.
Posted on Friday, June 5th, 2009 at 12:13 am
Filed under Swanny's Blog, news and updates.
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