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index-February-2009-1.html English News Blog for  Panama English News Blog February Archive 

A Drop in Canal

02/22/09 14:41

Air and water have been an effective trade route for business and countries. What usually takes more days on land, only takes hours in the two modes of trade. Still, trade via air and water fell victim to the infamous global recession which started in the United states of America. One of the more popular trade route and port is the Panama Canal which estimated a drop in cargo this 2009.

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Panama announces 0.4% of GDP budget surplus in 2008

The Panamanian government is proud to announce that it managed to get a budget surplus of $97.8 million, or 0.4% of the country's GDP. This is much lower compared to the 3.5% surplus in 2007, but this is still highly commendable given the economic problems of 2008.

Higher spending was attributed as the main reason for the lower surplus last year.

News: Panama's '08 Consolidated Budget Surplus At 0.4% Of GDP - EasyBourse actualité