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Posted by Maria Arias on December 27, 2016
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Panama’s Economy will be better for 2017

According to the Chamber of Commerce, Industries and Agriculture of Panama, it is estimated that the country’s economy will grow by 5.6% during 2017 compared to this year.

During 2017 there will be a growth in the economy due to the execution of government infrastructure works, projects of private companies in the field of mining and electricity generation, according to the projections of the Economic Studies Center.

In a statement issued by the Chamber of Commerce said, “As 2017 is the last year before the start of the next political campaign, we call on the authorities of the three organs of the State to accelerate the pace in their actions, in strict adherence to the Legal and long-term policies that genuinely address the concerns of the population and the private sector.”

The union points out that in 2016 the economy has been stopped in the construction sector due to a low execution of the budget of public investment, delays in payments to suppliers and the paperwork bureaucracy.