The Panama City government announced yesterday that Panama’s economic activity for September 2008 rose 8.24% compared to September 2007. Economic activity increased 9.24% from August 2007 and August 2008.
As countries around the world have felt the credit crisis affect their economies, many have been watching Panama’s impressive growth amid a possible global recession and liquidity crisis.
Regardless of the global economy, the Panamanian government expects total 2008 growth up over 9.5%. According to the comptroller’s office, the industries pushing the economy upward are construction, real estate, hotel and restaurants. Much of this growth was from an increase in the number of tourists, with a particular rise in European visitors.
Panama is growing by leaps and bounds! Called the “new Miami”, developers, residents, and retirees are all looking to take advantage of Panama’s thriving economic situation! Check out our site at www.panama-land-for-sale.com to read more information about moving or relocating to Panama!
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