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Panama´s Martinelli predicts economic growth of 11 percent this year. We don’t have unemployment, he boasts

Monday, October 31, 2011


Panamanian President Ricardo Martinelli said the country's economy was set to grow 11 percent this year, higher than previous estimates.

Panama's economy, one of the fastest growing in Latin America, is being boosted by a $5.25 billion expansion of the Panama Canal and other government infrastructure spending.

"In Panama, we're going to grow 11 percent this year. We don't have unemployment," Martinelli said during an Ibero-American summit in Paraguay dominated by Europe's sovereign debt crisis.

Original source: Reuters