One of the oldest financial conglomerates JP Morgan estimated that the economy of Panama will grow by 6.5% in 2014. This is slightly lower than the expectations of the Ministry of Economy and Finance (MEF), the World Bank, the Economic Commission for Latin America and the Caribbean (ECLAC), or the consulting firm Deloitte and the…

Further technological progress and the increasing penetration of the Internet (45% now in Panama) continue to stimulate e-commerce. Currently the annual turnover is over $ 900 million – this is the total value of goods imported with online stores. (more…)

On Wednesday, May 21st, the UN has revised its growth forecasts for Latin America and the Caribbean downward, mainly due to the economy slowdown in developing countries such as Brazil, Argentina and Venezuela. In general, the Central America the rate was established at the level of 3.3%. (more…)