President Torrijos said Panama will maintain high levels of growth and a low jobless rate next year
Panamanian President Martin Torrijos said his country will maintain high levels of growth and a low jobless rate next year even as the credit crisis triggers a worldwide economic slowdown.
The Central American country’s economy will probably expand between 6.5 percent and 8 percent in 2009 and 9 percent this year, Torrijos said in an interview with Bloomberg Television today in Panama City. The U.S. recession won’t impede financing for his government’s $5.2 billion project to expand the Panama Canal, he said.
Just saw this on Bloomberg: Bloomberg.com: Latin America
Think now is a time to invest in Panama?
Tags: panama, econmiccrisis, martin torrijos, growth, panama hotels
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