All Posts in Category: Economy

President Varela is confident he’ll end his term on a high note — we’d call the 7% forecasted GDP growth for 2019 high too. So, let’s take stock of where Panama is today and the direction we expect the country to be heading in as we look ahead to next year and to the next…

Five months after mass protests broke out in Nicaragua, the country is on the fastest downward slide toward anarchy, poverty and mass migration in recent history. Considered to be on the same path to tyranny as Syria and Venezuela, Nicaragua is now Latin America’s latest man-made refugee crisis, having sent at least 30,000 people into…

Read about some of the news shaping public opinion and everyday life in Panama, including some monumental wins for environmentalists and a game-changer app for the hearing impaired. In a monumental move for environmentalists, Panama’s supreme court raised doubt about the future of the country’s biggest investment in history — the copper-gold producing Cobre Panamá…

Taking a step back from the headlines first to look at general trends, September featured some interesting reports about Panama’s financial sector. On the back of 18% growth in profits last year, Moody’s expects Panama’s banks to continue to experience solid earnings in 2018-19, despite rising funding and credit costs and the impact of expected…

The feasibility study for the US$5.5 billion high-speed rail megaproject linking Panama City to Chiriqui province is now in its final stretch. The field data’s in and the report is scheduled to be delivered by China Railways Corporation’s (CRC) to Panama by November. It’s one of the most prominent Chinese infrastructure projects to watch and…