Category: Living & Investing
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Panama ranks third with the lowest risk in Latin America, according to JP Morgan
anama has a resilient economy regardless of both local and foreign shocks and those that have occurred as a result of the pandemic, and now the exponential threats of interest rate hikes.
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Foreign Investment in Panama totaled $1,611.2 million in third quarter
According to the Treasury General Account 2021 of the Ministry of Economy and Finance (MEF), the foreign Direct Investment (FDI) in Panama had a flow of $1,611.2 million in the third quarter of 2021, which represents an increase of 61%, that is, $610.8 million compared to the same period of the previous year.
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Panama maintains stable projections for 2022
According to Torino Economics, the subsidiary of Torino Capital Group Company, a well-known investment bank and stockbroker based in New York, Panama has experienced a significant economic expansion, with an average annual growth of 6% in the last 25 years, the largest and fastest in Latin America.
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Panamanian exports reach historical record
anamanian exports accumulated a value of $3,558 million in 2021, which is 52% higher than the same period in 2020, according to the Comptroller General of the Republic of Panama.
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Expected economic growth for Panama will be between 7.5% and 8% in 2022 according to INEC
Panama has been one of the countries with the best projection of economic growth for 2022 according to multiple international organizations. between 5% and 8.2%. The is also shared by the official estimates of the National Institute of Statistics and Census (INEC) which estimates a growth between 7.5% and 8%.
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Panama will grow 7.8% in 2022 according to World Bank
The World Bank (WB) forecasts that the Panamanian economy will grow 7.8% in 2022 and close 2021 with an increase of 9.9%, remaining within the group of countries that lead the economies of Latin America and the Caribbean.
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Panama’s economy grew 14.9% in 2021
months of 2021 according to the National Institute of Statistics and Census (INEC) of the Comptroller General of the Republic.
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Panama seeks to become a Pharmaceutical Hub
The pharmaceutical sector is focusing its efforts on the national distribution and manufacture of medicines through the promotion of the production of medicines in Panama.
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Panama’s economy grew 10% in the first half of 2021
Panama’s economy grew 10.0% compared to the same period of the previous year, reflecting the beginning of the recovery.
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Domestic tourism reactivates with an economic injection of $ 141.6 million
An estimated $ 141.6 million were generated during the national holidays celebration in Panama.