Panama's President Martin Torrijos regarded the national economic growth of 11.2 percent and the reduction of unemployment to almost 50 percent in 2007 as historical.
In a speech before a forum called "Panama and the Global Economy" organized by the Panamanian Foreign Affairs Ministry and US empresariat organizations, Torrijos highlighted the reduction of the Panamanian public debt in relation with the Gross Domestic Product.
He said that the GDR went down to 53 percent last year, 17 points less than when he started his mandate as President of Panama on September 1st, 2004.
"Our government has worked with dedication and without rest, and we can say that we have settled the bases for a modern, different Panama," he stated.
During his presidential mandate, unemployment went down from 12 to 6.1 percent.
During the forum, Panamanian Economy and Finance Minister Hector Alexander predicted the Panamanian economy will grow from 8.5 to 9 percent this year, which he said it will be very good for Panama.
Alexander said that while facing the deceleration of the US economy, Panama will hold itself thanks to the fostering of construction, the real estate sector, tourism and the activity of the Panama Canal.
In a speech before a forum called "Panama and the Global Economy" organized by the Panamanian Foreign Affairs Ministry and US empresariat organizations, Torrijos highlighted the reduction of the Panamanian public debt in relation with the Gross Domestic Product.
He said that the GDR went down to 53 percent last year, 17 points less than when he started his mandate as President of Panama on September 1st, 2004.
"Our government has worked with dedication and without rest, and we can say that we have settled the bases for a modern, different Panama," he stated.
During his presidential mandate, unemployment went down from 12 to 6.1 percent.
During the forum, Panamanian Economy and Finance Minister Hector Alexander predicted the Panamanian economy will grow from 8.5 to 9 percent this year, which he said it will be very good for Panama.
Alexander said that while facing the deceleration of the US economy, Panama will hold itself thanks to the fostering of construction, the real estate sector, tourism and the activity of the Panama Canal.
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