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Your email address will not be published.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 *

Canal
Commerce through Canal is LESS than projected for 2024.

https://www-laestrella-com-pa.translate.goog/economia/vasquez-los-ingresos-del-canal-para-el-2024-se-encuentran-por-debajo-de-lo-presupuestado-FK8048632?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc Vásquez said that he will follow the schedule for increasing ship traffic established for this week of 34. Two months before the end of fiscal year 2024, Ricaurter Vásquez, administrator of the Panama Canal, announced on July 24 that income is below what was established in the budget, but …

Economy
Boquete becoming a part of new tourism promotion.

https://www.newsroompanama.com/news/panama-tourist-destinations-such-as-boquete-and-the-chambers-of-commerce Attracting new businesses, encouraging investments and promoting tourism not only in Panama City but also in the interior of the country, is the new line of action of the Chamber of Commerce, Industries and Agriculture of Panama (Cciap), which would like to announce that it is joining forces and …

Economy
Middle East and UAE businesses are bullish on Panama opportunities.

https://www.laestrella.com.pa/economia/inversionistas-exploran-oportunidades-de-negocio-en-panama-GC8004998 The Ministry of Commerce explained to businessmen the strategic position of Panama, the competitive advantages and the benefits it offers as an ideal place for foreign investment A group of foreign investors, led by Kuwaiti businesswoman Dana Al Salem, came to Panama to learn about the competitive advantages and …