Panama needs to create 30,000 jobs a year to maintain good unemployment rate

Economy

The country needs to generate 30 thousand jobs a year to maintain a healthy unemployment rate

INTERVIEW

The vice-minister of Economy, Gustavo Valderrama, focuses the fall of unemployment and retail consumption in the lack of specialized labor and a projection of the business sector based on the growth of the last five years. So he spoke to the Polygraph.

What do they do to boost the retail consumer economy?

That moves in cycles. She offers 3%, it is not the cycle that was kept at 5%. What has driven downward is the entry of fewer tourists to Panama. The expense of tourism has not behaved as in previous years but that also has its explanation of why it has not had the result we have expected.

What went wrong in the tourism sector?

The figures showed, since the investments were developed in new hotel rooms, that the growth of tourism was well below the rate of growth of hotel supply. It was known that when this great offer was ready, it would not have the arrival of tourists to fill the rooms. A State project had to be done to promote the country and manage to alleviate this element. In addition, it has happened that the oil fell and the Latin American producing countries had a devaluation of their currencies that made coming to Panama very expensive.

READ MORE;http://elsiglo.com.pa/panama/falta-curriculum-causa-aumento-desempleo/24060854

No Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

"JB"
TRUMP pushing Rubio into the fray to disrupt Chinese influence on Canal.

https://www.bloomberg.com/news/articles/2025-02-04/panama-said-to-mull-canceling-port-deal-with-hong-kong-firm?embedded-checkout=true “JB”-  I’m seriously realizing I have BEEN ALL OVER shit related to PANAMA waaaayyyyyyyyy before the other mass media outlets. Being here makes a difference. I’m stepping up in 2026 to try to keep EX-PATS in tune with what is happening.   My issue is the EX-PATS already here ( …

Air Travel
MASSIVE infrastructure push on schedule for MARCH 25th bid. ( eyes on ODEBRECHT )

https://www.prensa.com/economia/nuevas-rampas-carriles-y-accesos-asi-sera-la-ampliacion-del-corredor-sur-que-licitara-ena/ Companies interested in participating in the prequalification process for the expansion of the Southern Corridor will have until March 25, between 9:00 am and 11:00 am, to submit their proposals at the offices of the National Highway Company (ENA), located on Vía Israel, ENA building, San Francisco district The …

Economy
PANAMA looking to tighten up Ex-Pat benefits from the EU side.

https://www.laestrella.com.pa/economia/panama-sigue-en-lista-de-la-ue-la-territorialidad-es-el-punto-de-discusion-clave-CC20000354 Panama will remain on the European Union’s list of non-cooperative jurisdictions for tax purposes. One of the key points of discussion is territoriality, a pillar of the Panamanian economic model that only taxes individuals on income generated within the country. On Monday, February 16, the EFE news agency , citing “diplomatic …