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La Estrella de Panama, Panama, April 14, 2009

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Panama economy is holding up

As other countries in the region totter the outlook for the Isthmus brightens

In article published by the Latin Business Chronicle said that the canal expansion together with other investment projects planned by the government in other types of infrastructure should sustain growth, although exports to US and Europe are declining.

According to the Chronicle the prognosis is impressive bearing in mind that Panama is the country in Latin America that depends most of global trade, which is expected to see steep falls this year.

The blog pointed out that even Panama’s blue chip companies such as Copa Airlines are expected to do well this year despite what appears to be a grim outlook for travel and tourism worldwide.

Citibank expects Copa to boost its net income this year despite a 6.3 fall in revenues.

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