February 21, 2023
The Federal Reserve indicated that more restrictive monetary policy is in the cards amid strong employment gains. In Europe, while inflation has fallen, it is still far above the 2% target. Across the Euro area inflation is estimated to have reached 8.5% in January.
At the same time, some countries have managed to tamp down inflation. Slower growth, cheaper import costs, and foreign exchange policy are some of the factors keeping inflation subdued.
Panama has the lowest rate in Latin America. The dollarization of the Panamanian balboa has helped quash price pressures. In July, the government regulated the price of 72 items to keep the cost of living from rising.
February 12, 2025 - Panama continues to solidify its role as a pivotal hub in international trade, leveraging its strategic location and the Panama Canal's critical function in global shipping routes. The canal facilitates approximately 5% of the world's maritime trade, underscoring Panama's significance in global commerce. Read More
December 16, 2024 - El 6 de diciembre de 2024, Panamá formalizó su ingreso como Estado Asociado al Mercosur durante la 65ª Cumbre de Jefes de Estado del bloque en Montevideo, Uruguay. El presidente José Raúl Mulino y el canciller Javier Martínez Acha firmaron los acuerdos correspondientes, convirtiendo a Panamá en el primer país fuera de Sudamérica en obtener esta condición. El Mercosur, integrado por Argentina, Brasil, Paraguay, Uruguay y Bolivia, representa la quinta economía más grande del mundo, con un mercado de 271 millones de habitantes y un PIB conjunto de 4.5 billones de dólares. Como Estado Asociado, Panamá busca fortalecer las relaciones comerciales y económicas, ofreciendo su plataforma logística y financiera, incluyendo el Canal de Panamá, como puente para el comercio entre el Mercosur y otros mercados. Read More