Category: Economy
Panama economy news: growth, prices, jobs, public finances, trade and the business decisions affecting residents, investors and expats in Panama.
Grade on “5 Year Plan” to come in JUNE of 2025
Back in 2020 the UNWTO- or “World Tourism Organization” was tasked to put together a “Master Plan” that would bear the fruit of an increase in sustainable tourism projects of ( 50% ). This even took into account the effect of COVID-19 on the Economy. I am aware that there is REAL western MONEY and GROUPS that…
Final Qtr- of 2023 reported STRONG growth in the Republic GDP
https://elsiglo-com-pa.translate.goog/economia/producto-interno-bruto-trimestral-crecio-89/24242734?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc&_x_tr_sch=http Bracho: this growth translates into an increase in the hiring of people and greater income for companies The Quarterly Gross Domestic Product (GDP) grew 8.9% compared to the same period in 2022 during the first nine months of 2023, according to data from the Comptroller General of the Republic. This means, according to economist…
Cortizo active on sessions to discuss 2024 budget before end of calendar year
https://www-laestrella-com-pa.translate.goog/panama/nacional/cortizo-convoca-sesiones-extraordinarias-para-discusion-del-presupuesto-2024-EB5663622?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc Deputies will only have to discuss a single issue between December 21 and 31 The President of the Republic, Laurentino Cortizo, called the National Assembly to extraordinary sessions from December 21 to 31. The deputies must analyze bill 1041, which dictates the State budget for the fiscal year 2024. Cortizo called extraordinary sessions, because…
Costa del Este” forming into the Monaco of LATAM real estate in terms of pricing
https://www.laestrella.com.pa/economia/costa-del-este-el-barrio-mas-caro-de-america-central-CB5672602 An investigation carried out by three real estate portals places Costa del Este as one of the places where it is most expensive to buy apartments Buying an apartment in the exclusive neighborhood of Costa del Este, in the town of Juan Díaz, in Panama City, is more expensive than doing so anywhere else…
PANAMA to host leading TOURISM SUMMIT in 2024
https://en.travel2latam.com/news-84985-panama-will-host-the-world-adventure-tourism-congress-in-2024 The most important global adventure tourism association, ATTA, has chosen Panama as the next venue for the Adventure Travel World Summit 2024 (October 7 to 10), an event that will position the country in international tourism markets as an adventure destination. and conventions The General Administrator of the ATP, Denise Guillén, was in charge…
Bleak job outlook for “young” Gen-Z Panamanians
https://www.laestrella.com.pa/economia/231204/jovenes-representan-54-desempleados-pais The recent results of the Labor Market Survey as of August 2023, carried out by the Institute of Statistics and Census (Inec), which collects the evolution of employment, marked a strong trend of the crisis experienced by Panamanian youth employment. In the reference month of the survey, the population aged 15 and over…
As was case with “Moody’s” – “Standard and Poors” is downgrading Panama
https://www.laestrella.com.pa/economia/231108/s-p-mantiene-calificacion-riesgo-panama-bbb-ajusta-perspectiva-negativa The risk rating agency Standard & Poor’s Financial Services LLC (S&P) maintained the investment grade risk rating for Panama at “BBB”, but adjusted the outlook from “stable” to “negative”, as a result of the recent protests and closures. of streets against Law 406, the Ministry of Economy and Finance (MEF) reported this Wednesday, November…
Panama’s issues with canal drought, will impact negatively on MOODY’s credit rating
A worsening of the phenomenon would affect exports of raw materials and goods from the US East Coast and the Gulf of Mexico, such as grain, oil and gas. Moody’s Investors Service warned that the drought crisis presented by the Panama Canal will be aggravated by the return of the “El Niño” climate phenomenon this…
Great exposure for Panama in FORBES
https://www.forbes.com/sites/petertaylor/2023/09/11/foreign-buyers-are-finally-cooling-on-americas-overheated-housing-market-thats-great-news-for-panam/?sh=148753d7362e The American residential real estate market rarely rocks headlines—despite economically accounting for the largest single share of U.S. gross domestic product (+/- 17%). The Great Recession pushed real estate front and center in the media for a while as the banks collapsed back in 2008. Covid subsequently upended where and how people wanted to…
What a CROCK of BULLSHIT? “Financial Expert” my ASS? RED FROG propaganda
Editorial: James “JB” Bryson I thought today’s earlier post was enough to satisfy my itch to shed light on RED FROG. Then I see this rotten piece of a dumpster fire video on YOU TUBE. (thank you “Brigade”). https://www.youtube.com/watch?v=C_xmA9694Tw “Financial Expert” David Clark- that lovely British accent makes him sound credible. Sitting at a round…